As the financial world gears up for an exciting new year, the Maize and Blue Stock Pitch Competition is set to take the stage once again on Feb. 9, 2024.
This competition, rapidly becoming a cornerstone event for the Ross School of Business at the University of Michigan, offers a unique platform for students to showcase their stock analysis abilities and pitch their investment ideas to seasoned professionals.
As one of last year’s distinguished judges, Jordan Hymowitz, Managing Principal/Portfolio Manager at Philadelphia Financial Management of San Francisco and co-founder of the competition, reflects on its inaugural success: “The students were well prepared and their ideas thoroughly researched. I especially enjoyed challenging and questioning the students as I don’t think many of them are challenged or prodded on their thesis, and this forced them to defend their ideas or modify them as need be. … I think the contest has a bright future.”
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What’s New in 2024?
The upcoming competition promises an unparalleled opportunity for students to work closely with investment experts, receiving direct feedback on their investment strategies. It’s not just about the competition, as the event serves as a fantastic networking opportunity for students and professionals alike.
Proudly sponsored by William Blair & Company, Philadelphia Financial Management of San Francisco, LLC, and Thrivent Financial, this year also brings generous prizes for the winners. $5,000 will be awarded to the student who presents the best investment thesis, with second and third places receiving $2,000 and $1,000, respectively.
The criteria for selecting stocks have been updated for the competition’s second year. Students must present their thesis on a U.S. publicly traded company with a market cap of at least $100 million, with at least $2 million of daily volume from October through December 2023.
This means ADRs, ETFs and other securities are ineligible for the competition. Similar to the inaugural competition in 2023, both long and short theses are eligible.
More details about the upcoming event can be found here.
Recap of Last Year’s Performance
In the spirit of the learning process, it is key to reflect on…
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