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PITTSBURGH, April 25 /PRNewswire/ — A team from the University of Pennsylvania’s Wharton School won the 2008 Financial Engineering Case Competition hosted by the Tepper School of business at Carnegie Mellon University. The host team from the Tepper School and Princeton University tied for second-place at the 11th annual contest. This year’s event, held April 4 at Lehman Brothers New York headquarters, was sponsored by the Tepper School, Lehman Brothers, PRIMIA Institute and Appaloosa Management Partners.
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The competition requires teams to solve a complex financial engineering problem in just six hours. The case this year focused on the energy derivatives market. Competitors were asked to design and price exotic electricity- and natural gas-linked structured products based on underlying cash flows from an electrical power plant. Teams presented their solutions before a panel of judges made up of faculty from the competing schools and Lehman Brothers executives.
Seven teams joined this year’s competition, including the University of Chicago, Columbia University, the University of California at Berkeley, New York University, Wharton, Princeton and Carnegie Mellon.
The winning Wharton team included Kedrick Brown, Alex Gitnik, Dominique Toublan, Nitin Tuteja and Yinglu Zhang. Princeton’s team included Mattieu Boisot, Nicolas Cojocaru-Durand, Eric Goldlust, Ganesh Lakshminarayana and Dan Moraru. The Tepper School team included Yasser Boualam, Junfu Cai, Danny Fang, Andrew Hicks and Kenneth Lam.
The Financial Engineering Case competition is the premier competition to showcase the business and analytical skills of top graduate business students in the areas of derivative security valuation and financial engineering, also known as computational finance. Carnegie Mellon offers one of the most highly regarded programs in computational finance at the bachelor’s, master’s and doctoral levels, as well as a joint degree with the MBA program.
About the Tepper School of Business: Founded in 1949, the Tepper School of business at Carnegie Mellon () is a pioneer in the field of management science and analytical decision-making. The school’s notable contributions to the intellectual community include six Nobel laureates and a consistent presence in the top tier of business school rankings. The Wall Street Journal recently ranked the Tepper School as the fifth-best business school in the United States.

Tepper School of business at Carnegie Mellon

NEW YORK, April 22 /PRNewswire/ — The Black Enterprise Kidpreneur/Teenpreneur Conference presented by Wendy’s International will kick off its popular business education program May 15 at the Charlotte Convention Center in Charlotte, North Carolina.
The conference teaches young people from around the country the skills needed to become successful business owners. Created to be as fun as it is educational, the program is committed to grooming the entrepreneurial potential of tomorrow’s business leaders with a step-by-step approach to enterprise development and management.
Running simultaneously with the 2008 Black Enterprise Entrepreneurs Conference Expo hosted by General Motors, the Kidpreneur/Teenpreneur Conference offers instruction at three levels: Presidents Club (for youth ages 14-17 who are returning to the conference or are established business owners), Future CEOs (ages 11-13), and Futurepreneurs (ages 7-10). Attendees will learn how to create a business proposal, build a business Website, and learn a little about banking among other topics.
“The Kidpreneur/Teenpreneur Conference is the best atmosphere for young people to learn the basics of business and be exposed to successful educators, entrepreneurs, and corporate professionals,” says BLACK ENTERPRISE Sr. VP/Editor-in-Chief Alfred A. Edmond Jr. “This top-notch program covers everything from developing leadership skills to drafting a business plan. With the outstanding support of Wendy’s International, which has sponsored the event since its inception in 1995, the program continues to spark one success story after another. The program culminates with a graduation ceremony on Saturday, May 17, where the students will present their completed business plans.”
BLACK ENTERPRISE further recognizes individual or groups of entrepreneurs, 17 or younger, with the Kidpreneur/Teenpreneur Award. Previous award winners include Atlanta-based Kenya James, publisher of Blackgirl Magazine; Camille Winbush, actress and owner of Baked Ice ice cream shop in Pasadena, California; Najee McGreen, founder of Brooklyn, New York-based Techmaster Computer Works; and Joel Williams Jr. of Troy, Texas, inventor of the SmartButton, an innovative device that helps children differentiate their left and right feet.
For more information about the 2008 Kidpreneur/Teenpreneur Conference, please call 800-209-7229 or visit .
The 2008 Black Enterprise Entrepreneurs Conference Expo hosted by General Motors is presented by Aetna, OPEN from American Express, Ariel Mutual Funds, Cadillac, EMC, ExxonMobil, Frito-Lay, Hummer(R), Pepsi, SAAB, SAM’s CLUB, and Wachovia. Platinum sponsors include American Airlines, FedEx, IBM, State Farm(R), Wendy’s International, and Verizon Wireless. Corporate sponsors include Bank of America and Kodak.
BLACK ENTERPRISE, your ultimate source for wealth creation, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, be has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, BLACK ENTERPRISE magazine provides 3.9 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, be also produces radio and television programming, business and lifestyle events, Web content, and digital media. BLACK ENTERPRISE is the definitive source of information for and about African American business markets and leaders, and the authority on black business news and trends.
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