Five business graduate students from the University of Connecticut”™s Stamford campus won the 2021 Bloomberg Global Trading Challenge, a competition that drew almost 500 teams from around the world.
The winning quintet ”“ consisting of Matt Ciaburro, Varun Katari, Justin Keish, Sayem Lincoln and Jayabhushan Nallakannu ”“ created a trading portfolio that surpassed a Bloomberg benchmark by $467,961. The circumstances of their victory were remarkable: The UConn student investors overcame a glitch early in the seven-week competition that prevented them from accessing all of their $1 million in virtual investment funds, while other competitors had access to the entire cash portfolio.
The UConn team topped the second-place winners from Prince Sultan University in Saudi Arabia by more than $100,000.
“We are very proud of these students. To win the grand prize in a global competition, surpassing outstanding teams from across the world, is an outstanding achievement,”™”™ says Professor Chinmoy Ghosh, head of the Department of Finance.
