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Portfolio Management Students Take Home Second Place from TIPS Competition

March 26, 2013

By Courtney Roberts

On Saturday, February 16, Baylor won second place in the 10th annual Texas Investment Portfolio Symposium (TIPS) at Rice University. Five universities made it to the final round of the Portfolio Manager's Competition, including Oklahoma University, Southern Methodist University, Rice University and the University of North Texas.

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(L-R) Waqqas Iftikhar, Courtney Acarregui, Eugene Vaughan (founding chairman of the CFA Institute), Ryan Hart. Eugene Vaughan

Baylor came in second to Oklahoma University and third place was awarded to Rice University. Baylor's team was comprised of three students from the Practicum in Portfolio Management class: Courtney Acarregui, Ryan Hart, and Waqqas Iftikhar.

TIPS is a conference for university students and faculty with investment management curriculum. Every year, TIPS hosts competitions, panel discussions, networking events, and keynote speakers.

For the Portfolio Manager's Competition, a typical presentation "consists of an introduction of team members, a description of the team's investment philosophy, decision-making process and investment style, and a review of the long-term investment results. Basically, each team has 10 minutes to convince the judges that they should be hired to manage this hypothetical account," said Brandon Troegle, co-professor of the Practicum in Portfolio Management class.

Brandon Troegle and Brian Bruce teach the Practicum in Portfolio Management class at Baylor while maintaining jobs as professional money managers at Hillcrest Asset Management in Dallas, Texas.

"Baylor has a much better approach bringing in investment professionals who run money on a daily basis to teach the course, which is a big benefit to the students. Historically, Baylor has done well, with an investment approach that resonates with the judges," said Troegle.

"After graduation, I am going to be working as an analyst in the investment business managing individual client portfolios," said Acarregui. "This competition was directly related to what I will be doing after graduation. Being able to succinctly but thoroughly pitch our philosophy and answer questions from the prospective clients (judges) is what I would need to win business and clients' trust."

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