2015
FRIDAY MARCH 20 SATURDAY MARCH 21
1
PARTICIPANTS’ SCHEDULE
PARTICIPANTS’ SCHEDULE
FRIDAY MARCH 20, 2015
11:00
Lunch
MB 3.130
11:30 - 12:50
12:00
13:00
13:00
Live Case
MB 1.210
13:00 - 14:00
17:00
GROUP 1
Preparation:
14:05 - 17:05
A1 - Room 3.289
B1 - Room 3.237
C1 - Room 2.237
Presentation:
17:15 - 17:55
A1 - Room 3.445
B1 - Room 3.435
C1 - Room 2.430
15:00
GROUP 2
Preparation:
14:50 - 17:50
A2 - Room 3.231
B2 - Room 2.231
C2 - Room 2.289
Presentation:
18:00 - 18:40
A2 - Room 3.445
B2 - Room 3.435
C2 - Room 2.430
18:00
19:00
20:00
Live Case
MB 1.210
13:00 - 14:00
14:00
GROUP 1
16:00
Lunch
MB 3.130
11:30 - 12:50
12:00
14:00
15:00
SATURDAY MARCH 21, 2015
11:00
GROUP 3
Preparation:
15:35 - 18:35
A3 - Room 3.235
B3 - Room 3.287
C3 - Room 2.235
Presentation:
18:45 - 19:25
A3 - Room 3.445
B3 - Room 3.435
C3 - Room 2.430
16:00
17:00
Preparation:
14:05 - 17:05
A3 - Room 3.289
B3 - Room 3.237
C3 - Room 2.237
Presentation:
17:15 - 17:55
A3 - Room 3.445
B3 - Room 3.430
C3 - Room 2.430
GROUP 2
Preparation:
14:50 - 17:50
B2 - Room 3.231
C2 - Room 2.231
A2 - Room 2.289
Presentation:
18:00 - 18:40
B2 - Room 3.445
C2 - Room 3.430
A2 - Room 2.430
18:00
19:00
Cocktail Reception
MB 3.130
19:00 - 21:00
21:00
20:00
21:00
Gala Reception & Dinner
Branzino
20:00 - 23:30
*Division breakdown can be found on page 11.
2
3
GROUP 3
Preparation:
15:35 - 18:35
C1 - Room 3.235
A1 - Room 3.287
B1 - Room 2.235
Presentation:
18:45 - 19:25
C1 - Room 3.445
A1 - Room 3.430
B1 - Room 2.430
WELCOME
CONTENTS
Participant Schedule
2
Dean’s Welcome
4
J. Sebastian van Berkom
6
Judges
8
Judges Schedule
9
On behalf of the John Molson
School of Business, I would like to
welcome you to Montreal and to
Concordia.
Building on the success of the
first three editions of this event,
this year’s organizers have worked
hard to ensure that this case
competition provides students with
an exceptional experiential learning
opportunity that complements
Division Breakdown
11
Participating Schools
the skills that they acquire
BCIT School of Business
12
in the classroom.
Edwards School of Business
13
Ivey Business School
14
competition — the only one in Canada focused exclusively on small cap business
Joseph M. Katz Graduate School of Business
15
cases.
Queen’s School of Business
16
I wish all of the participants the best of luck.
Rotman School of Management
17
Beedie School of Business
18
University of New Brunswick 19
I would like to thank J. Sebastian van Berkom for establishing this unique
Steve Harvey, Dean
John Molson School of Business
Our Sponsors
21
A Word from the Director
22
Thank you
24
PROUD SPONSORS OF THE 2015 VBCC
4
5
J. SEBASTIAN
VAN BERKOM
VAN BERKOM AND ASSOCIATES INC.
Van Berkom and Associates Inc. (“VBA”), a specialized investment
B.COMM.
management firm, concentrates 100% of its activities on Canadian, U.S. and
“The fourth year of the Van Berkom-
portfolios for large North American pension funds, corporations, foundations,
JMSB Small-Cap Case Competition is
and endowment funds.
Asian small-capitalization (“small-cap”) equities. VBA manages small-cap stock
shaping up to be our best yet. This will
COMPANY HISTORY
be the first year that we welcome two teams from the U.S.A as well as opening
the competition to students from all degree levels. This years’ qualification round
was extremely competitive and I’m looking forward to seeing the teams solve
VBA has been in the business of managing small-cap portfolios since July 31,
the live case. Best of luck to all the teams!”
1991. The company is registered with the Québec, Ontario, Alberta, British
Columbia and Manitoba Securities Commissions as an Investment Counselor
Sebastian van Berkom
and Portfolio Manager and with the Securities and Exchange Commission
(United States) as an Investment Advisor.
Sebastian founded Van Berkom and Associates Inc. (“VBA”) in 1991 and
VBA is an accredited International Financial Centre (IFC). Effective June
is President and Chief Executive Officer. He is also President and Chief
1,1999, VBA established the U.S. Small-Cap Equity Management Division.
Executive Officer of Van Berkom Golden Dragon Limited in Hong Kong that
Effective February 22, 2012, Van Berkom Golden Dragon Limited (“VBGD”)
was incorporated on February 22, 2012.
was incorporated in Hong Kong to provide an Asian small-cap equity product
In his roles, Mr. van Berkom ensures that the investment philosophy, process
and disciplines are properly implemented, resourced and incented.
His investment career commenced in 1971 at the Bell Canada Pension Fund.
In 1979, he became a Partner of LRM Investment Management, and in 1984
co-founded Montrusco Bolton Investments Inc.
to professional investors.
The disciplined investment approach, utilized by J. Sebastian van Berkom
is being applied by all members of the investment team. While Canadian,
U.S. and Asian investment teams work separately, the firm benefits from
the cross-fertilization of ideas that results from focused in-house research of
these markets.
He has won the Small-Cap Manager of the Year in 1997 and was a Finalist at
the Annual Entrepreneur of the Year Awards in 1998. In 2003, he endowed the
Van Berkom Chair in Small-Cap Equities at the JMSB at Concordia University
in Montreal. In 2005, he became a Founding Director of the Institute for
Governance of Private and Public Organizations in Canada (“IGOPP”). In 2011,
he funded the Van Berkom – JMSB Small-Cap Case Competition at Concordia
University.
On February 19, 2013, Mr. van Berkom was appointed to the investment
committee of the Montreal Children’s Hospital Foundation.
On November 28, 2014, Mr. van Berkom founded the Van Berkom Small Cap
Investment Management Program at the John Molson School of Business at
Concordia.
6
7
DAY
1
JUDGES
PANEL 1
Head: Sebastian van Berkom, President and Chief Executive Officer,
Van Berkom & Associates
Amr Ezzat, Equity Research Analyst, Special Situations, Euro Pacific Canada
JUDGES SCHEDULE
FRIDAY MARCH 20, 2015
14:00
Justin Nightingale, Senior Portfolio Manager, Caisse de dépot et placement
du Québec
15:00
PANEL 2
Head: Charles Timmons, Partner & Senior Analyst, Canadian Small-Cap
Equities, Van Berkom & Associates
16:00
Constantine Kostarakis, President & Portfolio Manager, Summus Investment
Management Inc.
17:00
18:00
Martin Gagné, CFA Investment Professional
Derrick Gut, CPA, CA, CFA - Portfolio Manager, Duncan Ross Associates
19:00
PANEL 3
Head: Owen Gibbons: Partner & Portfolio Manager, U.S. Small-Cap Equities,
Van Berkom & Associates
20:00
Claude Bédard: Vice-President, Burgundy Asset Management
Judges Briefing
MB 2.130
14:30 - 17:00
21:00
Presentations, 17:15 - 19:25
Judges Deliberation,19:25 - 19:35
MB 3.445, MB 3.435 & MB 2.430
Cocktail Reception
MB 3.130
19:30 - 21:00
Darryl Wyse, Analyst, Caisse de dépôt et placement du Québec
SATURDAY MARCH 21, 2015
DAY
2
PANEL 1
Head: Owen Gibbons: Partner & Portfolio Manager, U.S. Small-Cap Equities,
Van Berkom & Associates
Amr Ezzat, Equity Analyst
14:00
15:00
Sandra Betton PhD, CFA, Associate Professor and Director MBA and GDBA
programs, Finance, John Molson School of Business
16:00
PANEL 2
Head: Sebastian van Berkom, President and Chief Executive Officer,
Van Berkom & Associates
17:00
Justin Nightingale, Senior Portfolio Manager, Caisse de dépôt et placement
du Québec
18:00
Judges Briefing
MB 2.130
14:30 - 17:00
Presentations, 17:15 - 19:25
Judges Deliberation,19:25 - 19:45
MB 3.445, MB 3.430 & MB 2.430
19:00
Martin Gagné, CFA Investment Professional
Stephen Hui, Portfolio Manager & Partner, Pembroke Management Ltd.
PANEL 3
Head: Charles Timmons, Partner & Senior Analyst, Canadian Small-Cap
Equities, Van Berkom & Associates
Thomas Horvath, Senior Analyst, Fiera Capital
20:00
21:00
22:00
Gala Reception & Dinner
Branzino
20:00 - 23:30
Nicholas Renaud, Vice President Investment Banking, Canaccord Genuity Corp
8 8
9
EVERY BAG
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DIVISION BREAKDOWN
DIVISION
A
DIVISION
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DIVISION
C
TEAM 1
Queen’s School of Business
TEAM 2
Kent State University
TEAM 3
University of New Brunswick
TEAM 1
Queens University
Ivey Business School
Western University
Rotman School of Management
TEAM 2
University of Toronto
British Columbia Institute
of Technology
TEAM 3
TEAM 1
Edwards School of Business
University of Saskatchewan
Beedie School of Business
TEAM 2
Simon Fraiser University
TEAM 3
Joseph M. Katz Graduate School of Business
University of Pittsburgh
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The 1st, 2nd and 3rd place teams will be announced at the Gala Dinner on
Saturday March 21, 2015.
11
BCIT SCHOOL OF BUSINESS
EDWARDS SCHOOL
OF BUSINESS
BRITISH COLUMBIA INSTITUTE
OF TECHNOLOGY
UNIVERSITY OF SASKATCHEWAN
INFO
INFO
Over the past 50 years, The School of
in finance with his passion for real
Over the past nearly 100 years Edwards
Business at British Columbia’s Institute
estate.
School of Business have grown from a
JOHN KAYE is a 27 year old Finance
small program linked to the professional
the Edwards School of Business who
accounting community to a comprehensive
is open to new challenges and new
Business School offering programs in core
experience. Her dream is to make
disciplines of accounting and finance,
Finance a tool to improve the general
marketing
welfare of society.
of Technology (BCIT) has consistently
produced in-demand graduates of the
student at the British Columbia Institute
highest levels in the fields of Finance and
of
Accounting. The school has established
credentials
offering
50
ranging
successfully
clothing company before attending
career-oriented
from
John
launched an internationally recognized
itself as one of Canada’s largest business
schools,
Technology.
BCIT. He plans to challenge the CFA
Associate
Level 1 next summer and is excited
Certificates to Bachelor’s Degrees at two
about
different campuses in Vancouver. BCIT
Industry.
prides itself on providing industry-ready
entering
the
Investment
resources
and
and
management,
strategy.
The
human
school’s
mission is expressed in a simple sentence:
The Edwards School of Business develops
business professionals to build nations.
professionals and has an impressive and
MEMBERS
highly accomplished alumni as a testament
YIMENG HAO is a first year candidate in the
to the quality of the school in today’s global
M.Sc Finance program at the University
business environment.
of Saskatchewan. As a CFA level I
candidate, her goal is to make herself more
CLAYTON CHESSA is a 23 year old Finance
looking forward to the opportunity to learn
student at the British Columbia Institute of
at the VBCC and to share her thoughts with
Technology. Prior to attending BCIT Clayton
the judges and other participants.
professional in the financial industry. She is
FAYEE YANG is a senior M.Sc student in
BCIT he plans to pursue a career in the
the Finance program at the University of
Finance industry.
Saskatchewan, but a fresh beginner in
JORDAN COULTER is a 22-year-old Finance
the real financial world. As a CFA level II
student at the British Columbia Institute
candidate, she can’t wait to put her in-class
of Technology.
Jordan has worked as a
learning into practice! In addition to her love
Research Analyst for commercial real-estate
of investing, she is also a big fan of dancing.
firm CBRE during his last two summers and
looks to someday combine his knowledge
12
year Masters student in Finance at
EGOR UFIMTSEV is a first year MSc
Finance candidate. His plans for a
career in the investment management
brought him to the U of S, where
students have the opportunity to
MEMBERS
played NCAA hockey in Wisconsin. After
SHUANG WU is a highly motivated first
13
manage a real investment portfolio that
is showing outstanding performance.
He is proud to have the chance to
meet, compete and network with the
best and the brightest at the 2015
VBCC.
IVEY BUSINESS SCHOOL
JOSEPH M. KATZ GRADUATE
SCHOOL OF BUSINESS
WESTERN UNIVERSITY
UNIVERSITY OF PITTSBURGH
INFO
INFO
Western University was founded in 1878,
JUSTIN HEO is currently a second
and opened the Ivey School of Business in
1919. Located in London, Ontario, Western
University delivers an exemplary learning
brightest people challenging them to meet
ever-higher standards in the classroom and
beyond. Combining more than 1,350 faculty
School of Business belongs to the publically-
University.
past
funded University of Pittsburgh and has
specialization in financial valuations,
research
The Economist’s endorsement for highest
but with seven years’ experience in
associate at Visionary. Justin enjoys
return on MBA investment. In recent years,
finance and operations roles. James
playing basketball and golf during his
Katz consistently improved institutional
recently
spare time.
rankings with rigorous curriculum, potent
his financial prowess as a summer
faculty, and quality graduates. In 2014,
associate
Katz was Bloomberg’s 13th ranked US
private equity firm headquartered in
public institution and Poets and Quants’
downtown Pittsburgh.
Justin
working
spent
as
a
the
members and more than 30,000 students,
JERRY DU is currently a second year
the university has established itself as a
business student at Western University.
globally recognized destination for academic
Jerry spent the past summer working
excellence and leadership development
under the corporate services branch
achieved through learning and research.
for Health Canada. Jerry enjoys various
Ivey offers a dynamic learning environment
sports and travelling during his spare
featuring Ivey Case Learning, supported
time.
“Best-Kept
Secret
among
Recruiters.”
Katz graduates concentrate their studies in
finance, information systems, marketing,
operations,
strategy.
organizational
Institutional
behavior,
or
commitment
to
by the interplay of Faculty, Student and
experiential,
Environment delivers a Cross-Enterprise
in all concentrations builds Katz students
Leadership perspective.
into agile collaborators well that thrive in
globally-focused
programs
business environments defined by speed
MEMBERS
and volatility.
MARCO LO is currently a second year
economics student at Western University.
He has a deep interest in finance and enjoys
TERRY EVANS, JR. is a second year MBA
analyzing companies and their business
student
models. Marco spent the last summer as
strategy, with over four years of professional
a pricing analyst at Loomis Express. On
experience. He serves as the president of
his spare time, Marco enjoys travelling and
the full-time Student Executive Board and
learning about new cultures.
recently accepted a full-time position as a
concentrating
in
concentrated MBA candidate with a
proved
at
the
Oakhill
strength
Equity
finance
and
senior analyst in mergers & acquisitions for
United Technologies Corporation.
15
–
of
a
BENJAMIN DONAT is a first-year, financeconcentrated
JD/MBA
candidate
specializing in strategic analysis. Prior
to Katz, Ben finished two years of legal
training, completed a strategic licensing
and business development internship
at Carnegie Mellon University’s Center
for Technology Transfer and Enterprise
Creation, and received Pitt Law’s CALI
Award for Corporate Finance.
MEMBERS
14
JAMES DALTON is a second-year, finance-
year business student at Western
summer
experience that engages the best and
Established in 1960, the Katz Graduate
QUEEN’S SCHOOL
OF BUSINESS
KENT STATE UNIVERSITY
QUEEN’S UNIVERSITY
INFO
minor in Finance. Following graduation
Kent State University was founded in
1910, and with its eight-campus system,
is the second largest university in Ohio.
in May of 2015 he will begin his career
INFO
at Key Bank as a quantitative risk
Queen’s School of Business is one of the
JACKIE WAN works in the financial
analyst.
world’s premier business schools, with
service industry as a fund accountant
a faculty team renowned for its business
for CIBC Mellon Global Securities. He
experience
The university demonstrates a high level
DANTE PANTALONE
of research and has earned the Doctoral
at Kent State University pursuing a
Research Extensive status by the Carnegie
BBA with a double major in Finance
Foundation.
and Economics. He is a brother of
Administration
The College of Business
offers
is
a
sophomore
Delta Sigma Pi business professional
undergraduate,
masters, and doctoral degrees, and has
fraternity
and
been AACSB Accredited since 1964. We
Financial
Management
provide
and the National Society of Leadership
opportunities
for
students
to
a
member
of
the
Association
learn and develop their skills by applying
and Success.
knowledge to business problems through
AKANKSHA SINGH is a senior at Kent
traditional and experiential learning, while
adding value to the world beyond our
campuses. Our Centers of Excellence focus
on Entrepreneurship/Business Innovation
and Global Management.
MEMBERS
THOMAS DLUGO is a non-traditional senior
at Kent State University pursuing a BS
earned
international
years. Jackie is currently studying in the
recognition for its innovative approaches
Master of Finance program at Queen’s
to team-based and experiential learning.
University. He held an undergraduate
In addition to its highly acclaimed MBA
degree from Wilfrid Laurier University.
programs, Queen’s School of Business is
also home to Canada’s most prestigious
undergraduate
business
program
and
several outstanding graduate programs.
As well, the School is one of the world’s
GORDON GUO had worked in the financial
service industry as an associate for
Industrial and Commercial Bank of
China. He had been working in this
industry since 2008 for 4 years.
executive education. Queen’s University,
She has served on the executive
home of Queen’s School of Business, has
board of the Business Professionals
a rich academic tradition dating back to
Roundtable
DECA.
1841, and is consistently ranked among
Following graduation in May of 2015,
Canada’s very best universities. It is located
she would like to begin her career with
in Kingston, Ontario, one of Canada’s most
SHAHNEWAZ KARIRM is an achiever
an established finance firm.
vibrant small cities
with ten years’ project management
and
Collegiate
an Assistant Professor in Finance
He is a member of the National Society
whose research interests are in the
of Collegiate Scholars and plans on a
areas of investments, fixed income
December 2016 graduation.
and financial planning. His articles
including the Financial Review, Journal
of Banking and Finance and Journal of
Financial Markets.
Gordon is currently studying in the
Master of Finance program at Queen’s
University. He held a management
degree from Renmin University of
China.
MEMBERS
experience in international business
JASON CHU is a student of the Master of
capable in developing and implementing
Finance program at the Queen’s School of
innovative initiatives to streamline
Business at Queen’s University. Jason is
project operations. A certified Project
currently working in the Analytics group at
Management Professional (PMP) with
TD Asset Management, focused on to the
an MBA in Finance, he is a Queens’
Mutual Fund business. He also is a Level III
MFin Candidate for 2015.
is
have been published in many journals
16
has been working in this industry for 4
double major in Finance and Economics.
Actuarial Math and a minor in Finance.
with a concentration in Actuarial Math and a
has
credentials.
largest and most respected providers of
COACH: ANDREI SHYNKEVICH, PHD,
University pursuing a BS in Mathematics
School
academic
State University pursuing a BBA with a
in Mathematics with a concentration in
FATHI HAMMAMI is a senior at Kent State
The
and
projects worth over $90 million. He is
CFA Candidate.
17
ROTMAN SCHOOL
OF MANAGEMENT
BEEDIE SCHOOL
OF BUSINESS
UNIVERSITY OF TORONTO
SIMON FRASER UNIVERSITY
INFO
INFO
The Rotman School of Management is
analysis and reporting. He holds a
Born in 1965, Simon Fraser University has
part of the University of Toronto, one of
Bachelor’s
become Canada’s leading comprehensive
the world’s top teaching and research
Technology from the University of
university
in
and an M&A analyst with Nymex
universities, and is located in downtown
Pune and a Masters in Computer
the beautiful British Columbia’s largest
Capital. Gurinder was on the Dean’s
Toronto, North America’s third largest
Science from the University of North
municipalities
Burnaby
Honor Roll and has a BBA from the
financial center and 4th largest city. As
Texas.
and Surrey – and deep roots in partner
Beedie School of Business at Simon
communities throughout the province and
Fraser University.
the #1 business school in Canada and the
degree
in
Information
HUSAIN CHINIKAMWALA currently works
largest in terms of class size and program
as
depth, it offers four MBA programs, (a full-
Senior
Capital,
time, a part-time, EMBA and global EMBA),
as well as undergraduate, PhD and Master
of Finance of programs.
MEMBERS
HARSH NARSINGHANI has worked as an
equity research analyst for about 3 years
at a Chicago-based asset management
a
Associate
with
Toronto-based
Acasta
–
campuses
Vancouver,
around the world.
KARAN TAK has interned for Ivest
merchant bank. He previously spent 7
Executive MBA in 1968, the Beedie
Gotbetter Capital Markets and National
years working with Everstone Capital,
School
championed
Bank Financial, and has a Bachelors in
India’s leading private equity firm.
lifelong learning, productive change and
Finance from Simon Fraser University.
He started his career as investment
the need to be innovative, delivering
banking analyst with Morgan Stanley
research and teaching that makes an
Investment Banking. He is a chartered
impact.
accountant and a CFA charter holder.
Ph.D. programs demonstrate a spirit of
European markets. Harsh has completed
residential,
three levels of CFA and may get my charter
and heavy civil construction. He has
upon completion of the relevant work
secured financing on nearly $5 million
experience. After his MBA, he wants to go
dollars’ worth of residential real estate
back into the asset management industry
as an entrepreneur. After his MBA
as an equity analyst.
he hopes to get into residential land
MARIN
has
industrial,
worked
in
of
Business
his first large project in Mississauga.
has
Undergraduate,
graduate
and
innovation, flexibility and relevance.
MEMBERS
commercial,
development and has recently secured
STEVEN LI is a senior in the Beedie School
Business
at
Simon
Fraser
University
majoring in finance. He is part of a select
group of students that actively manage $5.8
million of the school’s endowment fund
where Steven is responsible for the Metals
& Mining sector and Fixed Income portfolio.
Morgan Stanley Smith Barney, assisting
This summer, Steven will be interning at
financial advisors in portfolio performance
Leith Wheeler, a wealth management firm
located in Vancouver and Calgary with over
$15 billion AUM.
18
research intern with Global Securities
Since the creation of Canada’s first
MICHAEL
working in Global Wealth Management at
vibrant
boutique
firm, Thomas White, where he covered the
AKHIL PAREKH has three years experience
with
GURINDER SANDHU is formerly an equity
19
Consumer Partners, Global Securities,
UNIVERSITY OF
NEW BRUNSWICK
THANK YOU TO OUR SPONSORS
INFO
The University of New Brunswick in
from Saint Mary’s and a BBA in Real
Fredericton, NB is Canada’s oldest English
estate from UBC. Dan is a CFA Level
language university and home to the UNB
2 candidate.
Student
JOSH BUBAR is a Portfolio Manager/
Investment
Fund.
Under
the
leadership of the founding director, Glenn
JOHN
MOLSON
S C H OO L O F BU S I N E S S
Sustainable Investment
Professional Certification
Research analyst covering the Utilities
Cleland CFA, the Student Investment Fund
and Midstream energy sector with
focuses on developing practical experience
the UNB Student Investment Fund
with capital markets. The fund, utilizing a
and a BBA candidate honouring in
market neutral strategy, has outperformed
accounting, finance and economics.
benchmark since inception in 1998 and
Josh is also a student ambassador for
currently has over $7.9 Million assets under
the Montreal Exchange TMX Group
management. Members of the SIF prepare
and a CFA Level 1 candidate.
for the Chartered Financial Analyst exam
and have consistently bested the industry
pass rate for the CFA Level 1 exam 64%
versus 42% since inception.
MEMBERS
JEFF MOTT is a Portfolio Manager/ Research
Analyst covering the Materials Sector with
the UNB Student Investment Fund and
a MBA Candidate. Jeff also holds a MA
in History from UNB and is a CFA Level 2
candidate.
DAN SLIPP is a Portfolio Manager/ Research
analyst covering the Financial Sector with
the UNB Student Investment Fund and a
MBA Candidate. Dan also holds a BComm
20
21
Get your logo out there
A WORD FROM
THE DIRECTOR
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REENA ATANASIADIS
In the classroom, students learn portfolio theory and market efficiency. The
Van Berkom-JMSB Small-Cap Case Competition allows students to take this
in-class learning and apply it to small-cap investing, which allows for bottom-up
stock picking and the pursuit of abnormal returns. It’s a unique way to approach
valuation and a great compliment to the classroom theory.
FREE samples,
At the 2015 Van Berkom-JMSB Small-Cap Case Competition, we are pleased to
FREE art assistance,
welcome nine teams from Canada and the U.S.A. that have both academic and
professional backgrounds in investing. During the live case presentation, the
teams will have an opportunity to act as analysts participating in a conference call
or attending an annual meeting. The teams will ask questions which allow them
to deliberate and then present a recommendation. At the 2015 VBCC, the buy
side meets the sell side, valuation is followed up by a pitch and the investment
world enters the classroom. I welcome all the teams and I wish them a great
and lightning-fast
service from people
who care make
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Reena Atanasiadis, Senior Lecturer
Director, The Kenneth Woods Portfolio Management Program
Director, The Van Berkom-JMSB Small Cap Case Competition
John Molson School of Business, Concordia University
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1M-08-115
THANK YOU
It has been a great honour to be a part of the 4th annual Van Berkom-JMSB Small-Cap Case
Competition!
The competition was founded by Mr. Sebastian van Berkom, a respected small-cap
investment industry leader and dedicated alumnus of JMSB. We give our thanks to him for
the time he has committed to make this year’s competition successful and for inspiring us
with his vision.
The ongoing support of Van Berkom & Associates and the John Molson School of Business
(JMSB) in providing opportunities such as this case competition is tremendously important
and contributes to the creation of a balanced academic experience. Giving students the
chance to apply their skills and knowledge to real world business challenges is an invaluable
compliment to their in-class learning.
Our team would like to personally thank Reena Atanasiadis, VBCC’s Director and our key
advisor, for her guidance and support. She provided us with constant encouragement and
was always available to assist when we needed her. We would also like to thank Dr. Sandra
Betton, the MBA Program Director at the John Molson School of Business, and Dean
Steven Harvey, for their ongoing support of our team and the competition.
It is our hope that VBCC 2015 will bring lasting memories to all those involved. We are
delighted to host this unique event, and hope your experiences with the competition are as
rewarding as they have been for us!
Sincerly,
Reza Farahi, Danielle Ker, Bita Sehat, Carlos Vargas
Organizers of the VBCC 2015
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