Principal, University of Iowa Launch Quant Stock-Picking Competition
September 21 2017 - 9:00AM
Business Wire
Students compete for $5,500 in prizes in
first annual Principal Challenge in Analytics Innovation
Principal Financial Group®, in partnership with the University
of Iowa, is launching its first Principal Challenge in Analytics
Innovation, a crowdsourced, problem-solving competition among
undergraduate students to develop data-driven solutions to navigate
financial markets.
Students around the world are eligible to compete individually
or in teams to develop a model that applies analytics in new, novel
ways to identify the best-performing stocks over time.
"People and businesses turn to the financial markets to help
protect and grow their assets. Unfortunately, the value of stocks,
bonds and other securities fluctuates with market conditions," said
Joseph Byrum, chief data scientist with Principal. "We’re
sponsoring this challenge because we believe having the right data
at the right time plays a critical role in successfully
anticipating economic and environmental changes that may impact
investment performance – and ultimately impact how people live
their best lives."
In partnership with Principal, the University of Iowa Tippie
College of Business will provide three different faculty experts
from disciplines including statistics, machine learning, and
optimization for online office-hour sessions open to all
participants to give an overview of the problem from their specific
area of focus, and then Q&A.
“We find business students at all levels are eager to take on
real-world business problems,” said Nick Street, chair of the
University of Iowa’s Management Sciences Department. “The Principal
Challenge gives students an experiential learning opportunity – an
integral part of the undergraduate experience -- to help them gain
a fresh perspective on business problems and put classroom learning
into practice.”
The winner will receive $2,000; the runner-up $1,500; third
place entry $1,000, fourth place entry $500, and fifth and sixth
place entries $250. The challenge is now live and accepting
submissions until January 19, 2018. Students can access the
financial predictors data sets and semi-annual returns for the
competition https://www.ideaconnection.com/principal-challenge/ .
Finalists will be announced Feb. 9, 2018. Contestants must be 18
years or older to participate.
About Principal®Principal helps people and
companies around the world build, protect and advance their
financial well-being through retirement, insurance and asset
management solutions that fit their lives. Our employees are
passionate about helping clients of all income and portfolio sizes
achieve their goals – offering innovative ideas, investment
expertise and real-life solutions to make financial progress
possible. To find out more, visit us at principal.com.
About the University of Iowa Tippie College of
BusinessThe Tippie College of Business provides undergraduate
and graduate education to students throughout the state of Iowa and
in locations in Hong Kong and Italy. Tippie faculty are experts in
the areas of accounting, finance, marketing, management, business
analytics, information systems, and economics. In all of the
college’s programs, experiential learning, global understanding,
and communication skills are reinforced through activities both in
and outside of the classroom. Tippie College of Business was one of
the first in the nation to develop an undergraduate Business
Analytics degree offering. To find out more, visit the college at:
https://tippie.uiowa.edu/management-sciences.
Principal, Principal and symbol design and Principal Financial
Group are trademarks and service marks of Principal Financial
Services, Inc., a member of the Principal Financial Group.
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version on businesswire.com: http://www.businesswire.com/news/home/20170921005677/en/
PrincipalMedia Contact:Jane Slusark,
515-362-0482slusark.jane@principal.comorUniversity of
IowaMedia Contact:Tom Snee, 319-384-0010tom-snee@uiowa.edu
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