Caltech Students Compete in the Chicago Quantitative Alliance Investment Challenge
Each year, the Chicago Quantitative Alliance (CQA)—a professional organization of quantitative investment practitioners—holds an equity portfolio management competition in which teams of university students manage virtual hedge funds. The students invest in the real stock market over the course of several months using investment simulation software. Each team also submits a written report and produces a video intended to attract prospective investors. The winning teams are selected based on absolute return, risk adjusted return and an evaluation of their strategy presentations. For this year’s challenge, the Caltech team includes graduate student Kevin Linghu and undergraduates Justin Leong and Hui Liu. Linghu and Liu are former students of the quantitative risk management class taught by the team’s faculty mentor, Kenneth Winston, Lecturer in Economics and the Chief Risk Officer at Western Asset Management Company. Check out their challenge video here. Go Team Caltech!