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The Winners of 2018 Ukraine Local Final of CFA Institute Research Challenge - Teams of KNEU and Taras Shevchenko National University

posted 28 Feb 2018, 05:29 by CFAUkr aine   [ updated 28 Feb 2018, 05:30 ]
On Friday, February 23, 2018 at Mercure Kyiv Congress CFA Society Ukraine announced teams of Kyiv National Economic University named after Vadym Hetman (Team: Vlada Zasypko, Olha Bahdrivska, Roman Pavyuk, Yevhen Siedov, Oleksii Yermolenko; Faculty Adviser: Olena Tsyrkun and Mentor: Maksym Perets) and Taras Shevchenko National University of Kyiv (Team: Bohdan Yakymchuk, Melaniia Volkodav, Dmytro Klapushynskyi, Oleh Kabanov, Andrii Diakiv; Faculty Adviser: Elena Liubkina and Mentor: Dmytriy Holovchuk, CFA) as winners of the Ukraine Local Final of 2017-2018 CFA Institute Research Challenge. The teams are now advanced to the EMEA Region where they will compete against universities from Europe, Middle East, and Africa.

This year more than 180 students in 36 teams from 27 leading University in 12 regions of Ukraine participated in the Research Challenge - most prestigious world-wide student competition in equity research. Each team had two months to write the real sell-side report with buy, sell or hold recommendation on Luxoft and 16 teams with the highest scores on the written research reports were announced as finalists of this season local competition. Among this year's finalists: 
  • Kyiv National Economics University named after Vadym Hetman (Faculty Adviser: Olena Tsyrkun)

  • Kyiv National Economics University named after Vadym Hetman (Faculty Adviser: Oleg Tereshchenko)

  • Kyiv National University of Trade and Economics (Faculty Adviser: Olena Matusova)

  • Kyiv National University of Trade and Economics (Faculty Adviser: Kateryna Ladychenko)

  • Kyiv School of Economics (Faculty Adviser: Viktor Kahnzhyn)

  • Kyiv School of Economics (Faculty Adviser: Olesia Verchenko)

  • Odessa National Economic University (Faculty Adviser: Maryna Slatvinska)

  • Odessa National Economic University (Faculty Adviser: Olena Goncharenko)

  • Odessa National University named after I.I. Mechnikova (Faculty Adviser: Nataliya Bychkova)

  • Oles Honchar Dnipropetrovsk National University (Faculty Adviser: Nataly Krasnikova)

  • Lviv Polytechnic National Universityy (Faculty Adviser: Tetiana Kulinich)

  • Taras Shevchenko National University of Kyiv (Faculty Adviser: Elena Liubkina)

  • Taras Shevchenko National University of Kyiv (Faculty Adviser: Vasyl Namonyuk)

  • The National Pedagogical Dragomanov University (Faculty Adviser: Olga Chyzhevska)

  • The National University of Food Technologies (Faculty Adviser: Kateryna Bagatska)

  • Vasyl' Stus Donetsk National University (Faculty Adviser: Laktionova Oleksandra)

The Final Round started with announcement of the teams that were advanced due to the combined score of written report and presentation scores based Semi-Final Round. The super finalists became:
  • Kyiv National Economics University
  • Kyiv School of Economics
  • Taras Shevchenko National University of Kyiv
  • Kyiv National University of Trade and Economics
Each university sent one or two team(s) of three-to-five students to participate in the local challenge. The Ukraine Local Final was the first step of two for a local team to advance towards the global final in Prague. The students from the Kyiv National Economic University named after Vadym Hetman and Taras Shevchenko National University of Kyiv will now travel to the Regional Final to be held in Dublin, Ireland in April 2018, where they will match their wits, analytical skills and presentation abilities against other student teams from the Europe, Middle East, and Africa. The winners of the three Regionals (Americas, EMEA, and Asia Pacific) will then advance to compete in the Global Final. 

Over 65 experienced investment professionals agreed to support the contest by volunteering as mentors, graders and judges sharing their expertise and knowledge with new generation of analysts. The pool of investment professionals include representatives from investment banks, consulting companies, international financial institutions, equity funds etc. The competition could not succeed without efforts of the volunteers, hence we would like to say exceptional thank you to all engaged investment professionals for their support and contribution!

On behalf of CFA Society Ukraine, we would like to thank our Principal Sponsor: ICU; Official Sponsors – Deloitte, DTEK, Citi, ERU and KPMG; Information Sponsor: IDEA for their support of education initiative and their motivating presents for the finalists. In addition we would like to express our sincere gratitude to the global supporters of the Research Challenge - Kaplan Schweser and Bloomberg


Luxoft is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. 
Luxoft's software development services consist of core and mission critical custom software development and support, product engineering and teating, and technology consulting. Luxoft's solutions are based on its proprietary products and platforms which aim to impact clients' business outcomes and efficiently deliver continuous innovation.

ICU is an independent asset management, private equity and investment advisory firm specialising in the emerging markets of Central and Eastern Europe. ICU is Ukraine's leading asset manager. ICU currently manages over $400m in assets. Since 2010 ICU's flagship CIS Opportunities Fund has delivered returns exceeding 16 percent per year, net of fess, versus less than 1% annual returns for the HFRI Emerging Markets Russia/EasternEurope Index over the same period. 

DTEK is Ukraine's largest energy group with assets in coal mining, electricity generation and distribution, alternative energy and gas production. Since 2005, when the company was established, DTEK has tripled our coal production, our electricity generation has grown fourfold, and the electricity distribution has increased fivefold.

ERU specializes in development of energy projects in Ukraine. The company combines over 30 years of international energy development and management expertise with in-depth understanding of local market.

Deloitte in Ukraine is part of Deloitte CIS Holdings Limited (“Deloitte CIS”), a member firm of Deloitte Touche Tohmatsu Limited. “Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, tax and related services to select clients.

KPMG is one of the largest professional services company in the world and one of the Big Four auditors. KPMG has been working in Ukraine since 1992, and our goal has always been to use the firm's global intellectual potential, combined with the practical experience of our Ukrainian professionals, to help leading companies to achieve their goals.

Citi has become a pioneer in creating a global network of branches and has locations in more than a hundred countries as of 2016. Since 1902 it garnered a reputation of the bank, that gives its clients access to banking services around the world. Citi has become a leading bank in Ukraine, working with more than 400 multinationals and top tier Ukrainian corporations representing virtually all sectors of rhe Ukrainian economy and providing a wide range of corporate banking and investment products. 

CaseWare Analytics is a fintech company focused on providing solutions for auditors, finance professionals and compliance officers in the banking, accounting, government, heathcare, utilities, insurance and online retail sectors. Its solutions include IDEA Data Analysis software for auditors.