A team of Zicklin undergraduate students finished 31st out of 496 teams in the 2021 Bloomberg Global Trading Challenge, placing them in the top six percent of teams competing worldwide.
In the Bloomberg Trading Challenge, student teams use a Bloomberg terminal over seven weeks to build and manage a hypothetical stock portfolio with a beginning value of $1 million.
The Zicklin team was comprised of Hugo Bravo (BBA, ’23), Oscar Manchego (BBA, ’22), Carlos Rodriguez (BBA, ’23), and Yanfei Wu (BBA, ’22). Using the Bloomberg terminals in the Subotnick Financial Trading Center on the first floor of the Technology and Library Building, the team had earned a return of $102,671 over the global benchmark at the end of the seven-week competition.
Carlos Rodriguez, a finance major, said he appreciated how the fast-paced environment of the challenge pushed him to “embrace new strategies and challenge assumptions” in order to keep the trading momentum going.
Yanfei Wu, a Chinese native who is majoring in statistic and quantitative modeling, researched pharmaceutical stocks for the team. “I really got into the capital markets and met three very smart teammates who I learned a lot from,” she said of the experience. “As an immigrant, I now know more about US companies in different sectors and why this country is so strong economically.”
After Bloomberg cancelled the 2020 trading challenge because of the pandemic, it did not announce this year’s competition until the beginning of September — leaving just four weeks for student teams to register and prepare before the start of the competition, noted Gideon Pell, Distinguished Lecturer in Information Systems (Paul H. Chook Department of Information Systems and Statistics) and the faculty advisor for the Zicklin team. “For a team to come together so quickly and remain motivated to the task over the seven weeks of the competition, beating 93 percent of the student teams from renowned universities around the world, is a great achievement,” he said.
“It was great to see the students apply their finance knowledge from the undergraduate curriculum to the real world and perform to a high standard,” Pell added. “The team had a cohesive strategy that they stuck to from the beginning.”