Global Business Administration, Wins Top 5 at Global Hedge Fund Competition
- 경영대학
- Hit419
- 2021-05-27
Sungkyunkwan University (President Shin Dong-ryul) announced on the 4th that the Global Business Administration, Ahn Chi-seung, and Jung Joon-hyuk (team name Kangnam Billionaire Association, GBA) won the Top 5 Finalist Award for the first time in Korea at the largest Quant Hedge Fund Competition for college students worldwide on April 23.
This competition is a competition in which hedge fund managers evaluate the potential by looking at new quant investment ideas and backtest results proposed by students. They won the final project in the "Current Topics in Finance" (Kim Young-han, concurrent professor Choi Hyung-kyu), which was opened under the theme of "Data Science in Finance and Hedge Fund" in the fall semester of 2020.
Twenty-eight prestigious universities, including London Business School (LBS), Duke University, Texas Austin University, the University of Southern California, UNC Chapel Hill, Indiana University, and the University of St. Gallen in Switzerland, participated in the preliminary round. In the final, LBS's Ph.D. students won first place, Texas Austin University's second place, North Carolina's University of Chapel Hill's masters third place, and our university students and Swiss graduate students won the finalist award. Despite being undergraduates, students of the Department of Global Management displayed their skills and stood shoulder to shoulder with master's and doctorate students of world-class universities.
The over-reaction strategy proposed by the students is an advancement of the existing stock market's overreaction to ultra-short trading hedge funds, it was praised for its ingenuity in capturing investment opportunities by utilizing big data by trading entity that can only be secured in the Korean market.
The students received special guidance from Professor Joseph KIM of the College of Business to increase their English presentation skills ahead of the competition, and practiced presentation and Q&A with Hong Kong's Quant Fund managers, including Invesco's Dr. Sung Chang-hwan and Wi-Intercept's co-chairman Lee Dae-young with the help of Professor Choi Hyung-kyu.
Although they could not go to the U.S. due to COVID-19, students were able to meet talented people from all over the world through Zoom to compete for ideas and broaden their insights by directly receiving advice from U.S. Quant hedge fund managers.
출처 : 한국강사신문(http://www.lecturernews.com)