Cayuga Fund Credit Research Challenge
Students listen to a credit research specialist’s lecture in late January. This year’s guest speaker was Heather Young, Vice President/Strategist from Loomis Sayles & Company, L.P.
Students learn credit research techniques and review their Cayuga Fund fundamental stock research reports for credit ideas.
Each sector team selects one debt issue to study.
Teams prepare detailed credit reports and present their recommendations in a 5 minute (with 5 minutes for Q&A) competition, in late March, to the class and our guest judge.
Grading criteria include analysis of financing purpose and collateral, potential for distress, industry and financial analysis, valuation, covenants and liquidity.
This year’s guest judge, for the third year was Cornell alumnus (and parent) Matthew Torpey, Vice President/Senior Credit Analyst at OppenheimerFunds.