UofM Students Finish No. 2 in the World in 2022 Hedge Fund Competition
June 16, 2022 — Four University of Memphis students from the Fogelman College of Business and Economics finished No. 2 in the world, winning the silver medal and a $5,000 scholarship prize, in the 2022 Inter-University Southeastern Hedge Fund Competition at Georgia Tech.
The UofM cross-disciplinary student team of Priyanka Singh in Marketing and Naitik Kaythwal in Computer Science along with Nathan Miskell and John Herin, both in Finance, defeated more than 80 top universities. Registered list of University teams included Carnegie Mellon, Cornell, University of Chicago, Duke, Emory, Georgia Tech, Indiana, London Business School, LUISS Guido Carli, Massachusetts Institute of Technology, Michigan, New York University, Northwestern, Pennsylvania and Yale.
The UofM team, whose strategy name was Digital IQ Value to Growth Transformation with Hedged Risk Mitigation, received excellent coaching from the Fogelman College Department of Finance, Insurance and Real Estate professors in the Cook Analytics lab coordinated by Fintech expert Dr. PK Jain.
“We are proud of the teamwork, perseverance and determination of our FCBE students as well as the support of faculty members and business community leaders to further our students’ theoretical and practical education,” said Jain.
The University of St. Gallen in St. Gallen, Switzerland, won the gold medal and the $10,000 scholarship prize. Third place went to the Libera Universita Internazionale degli Studi Sociali Guido Carli, a private university in Rome, Italy.
The two other finalists include the University of South Carolina and the University of York in Heslington, England.
In 2017, the University of Memphis was No. 1 in the world in the Southeastern Hedge Fund Competition winning the $10,000 scholarship award and the gold medal, marking the second time in the last six years the UofM has ranked among the top two in the world.
The London Business School won it in 2021, Hong Kong Polytechnic University in 2020, University of Texas at Austin in 2019 and University of Tampa in 2018.
The Southeastern Hedge Fund Competition was open to teams of students at all colleges and universities in the world. All students enrolled at the university at any point during the 2021-22 academic year were eligible to participate. Each team was composed of one to five undergraduate and/or graduate students and a faculty advisor from the students’ college or university.