Axioma, a leading provider of innovative risk solutions for buy-side institutions, recently sponsored the Investment Challenge, an equity portfolio management competition for students held by the Chicago Quantitative Alliance (“CQA”), a non-profit professional organization for quantitative investment practitioners. Contestants modelled their portfolios using industry-leading tools, offering the next generation of investment management talent an opportunity to apply classroom theory in a simulated real-world setting.
“Axioma was delighted to partner with CQA on this great initiative offering high performers exposure to portfolio risk tools and best practices as they look to start their careers in investment management,” said Sebastian Ceria, CEO, Axioma and former Columbia Business School professor. “My background in academia allows me to fully appreciate the value students place on practical experience, and we are proud to support the development of our industry’s future talent.”
The CQA Investment Challenge offers students, ranging from undergraduates to MBA, MS and MFE candidates, the opportunity to learn and apply stock selection and portfolio management skills, gain exposure to simulated hedge fund techniques using industry tools and receive mentorship from practitioners in the field of quantitative investing.
Thirty-two teams from 29 schools around the country were tasked with successfully managing an equity long/short market neutral portfolio from October 2015 through the end of March and were evaluated on a combination of absolute return, risk-adjusted return and a strategy presentation. This Illinois Institute of Technology’s Stuart School of Business produced this year’s winning team.
The explosion of quantitative research and analysis methods over the last decade, enabled by access to high performance, low-cost computing power and storage, opened the doors for innovative market entrants like Axioma whose customizable solutions empower investors to fully implement their proprietary strategies and ideas.
Spurred by the growth of the quant industry, Axioma has significantly expanded its business in the U.S. and abroad in the last 12 months, adding staff across its eight existing offices, and opening new offices in Paris, Frankfurt, Tokyo and Melbourne. Additionally, through the recent acquisition of ConceptONE, Axioma now offers risk and regulatory reporting capabilities, unifying the front, middle and back office functions at buy-side institutions worldwide.