Fink Credit Pitch Competition

Team Composition: Each team will consist of between three and four members who must be full-time MBA students in their first year of study or fully-employed MBA students in their second year of study. More than one team from an invited university may submit an application for consideration; however, the competition organizers will ultimately choose only one team to represent any given university.

Security Selection: Teams will be pitching one security (not a portfolio). Teams must pick a security that is credit or credit-based, for example: corporate and government bonds, treasuries, and derivatives such as callable bonds and convertible bonds. The pick should be a specific debt-focused instrument, not a company/entity in general. The investment idea and thesis must be based on the fundamental analysis of the credit assessment of the entity. Forecasted financials are not required, but teams do need to have a target price.

Team Presentations: Presentations will occur in two rounds – a preliminary round and a final round. The presentation order for teams will be randomly assigned for both rounds.

• Preliminary Round: Teams will be randomly divided into two divisions. Each division will be assigned one pitch room, and the top two teams from each room will move on to the final round. Each team will have up to 10 minutes to present, followed by 10 minutes of Q&A with the judges. Teams will not be allowed to attend other teams' pitches during the preliminary.

• Final Round: Each team will have up to 10 minutes to present, followed by 15 minutes of Q&A with the judges. The same security must be pitched for both rounds. Teams that do not progress to the final round are highly encouraged to attend the final round

Each presentation will be officiated by a member of the UCLA Anderson School of Management community. Time limits will be strictly enforced by the official. All team members are expected to contribute to the presentation and Q&A.

Judging: All presentations will be judged by industry professionals. Judges will be provided with an evaluation form and will assign points for the following categories: security selection/background, strength of the investment thesis, risk profile, presentation skills and Q&A expertise. Judges will also individually rank order teams from first to last place. The rank orders will be used to determine the highest scoring teams in each round. In the event of a tie, the points will be used to break the tie.