The University of Waterloo has won the local level of the CFA Institute Research Challenge, a global competition that tests the analytic, valuation, report writing and presentation skills of university students, the Toronto CFA Society announced Monday.

The team now advances to the Americas regional final, to be held in New York City on April 10, where they will compete against teams from the United States, Canada and Latin America. The Americas regional winner will advance to the global final in New York City on April 11.

The winning team — Mike Liu, Daniel Pacione, Meng Wang, Michael Liu, Ian Gutwinski, and faculty advisor Craig Geoffrey, professor of finance and business at University of Waterloo — was determined based on the best combined score for the written equities research report graded in January and their presentation before a panel of judges in Toronto. The team’s industry mentor is Cosmos Chiu.

University of Waterloo competed against teams from: Schulich School of Business, York University; University of Toronto, Scarborough; and Wilfrid Laurier University.

All teams reported on this year’s subject company, Onex Corp. Wilfrid Laurier University earned an honourable mention as first runner up in this challenge.