Menlo College a Finalist in the Bloomberg Trading Competition

(ATHERTON, CA/MAY 2nd, 2019) Menlo College is headed to New York City as one of the six finalists in the 2019 Bloomberg Trading Challenge. The College from Atherton held onto first place for seven weeks of the ten-week contest. Menlo finished second out of more than 250 teams and moves on to present their investment strategy to Bloomberg and other Wall Street professionals.

The Bloomberg Trading Challenge started two years ago by Bloomberg’s recruiters as a way to connect with students, besides the traditional career fairs. It consists of more than 250 teams, each team with 3-5 members. They are given a $1 million notional amount to invest across several securities. The top six teams with the highest return on their investment are invited to go to Bloomberg’s headquarters to present their strategy, methodology and rationale behind their decisions. The finals start April 26th and the winning team will receive an iPad, an informal interview with Bloomberg and be able to choose a foundation to donate $2,500 on behalf of Bloomberg.

Menlo’s Team is composed by Laianne Guimaraes ’19, Axel Helmertz’ 20, and Lucia Casadei Parlanti ’19. Professor Manish Tewari is the advisor to the team. Laianne Guimaraes stated “There are no words to express how happy we are to represent Menlo College and for having [Professor] Tewari as our mentor. As the result shows, he was incredible in mentoring us!” Menlo College President Steven Weiner added “Everyone at Menlo is extremely proud to see our team go to New York as one of the finalists, competing against the likes of Princeton, the University of Pennsylvania, and Fordham University. The hard work and ingenuity of the Menlo students and their advisor earned them their recognition.”