Research Challenge

2021 Edition

Politecnico di Milano wins the final of the CFA Institute Research Challenge 2021 - Italy with a financial analysis on ERG, the Italian company operating in the energy field since 1938.


Riccardo Mellara, Davide Muffolini, Lorenzo Chiesa, Nicola Guidi and Andrea Baronchelli are the students that, on March 1, 2021, under the guidance of professor Laura Grassi and professor Marco Giorgino and the CFA mentor, Alberto Mari, presented their financial analysis on ERG to a jury of six experts in the financial sector: Emanuele Oggioni (Banca Akros), Dennis Montagna, CFA (Credit Suisse), Alberto Chiandetti, CFA (Fidelity International), Carla Scarano (Anima SGR), Luca Forlani, CFA (Eurizon Capital), Pinuccia Parini (Fondi e Sicav).

The second and third places were awarded respectively to University of Naples Federico II and Luiss Guido Carli University.

Politecnico di Milano will proceed to the EMEA regional final (Europe, Middle East and Africa), which will be held on April 20. The world final will be held on April 22, comparing the winners of EMEA, America and Asia Pacific.


Ten universities took part to the CFA Institute Research Challenge - Italy in 2021. Their reports and presentations are listed below.

Libera Università di Bolzano report ppt
Luiss Guido Carli report ppt
Politecnico di Milano    
Università Ca’ Foscari Venezia report ppt
Università Cattolica del Sacro Cuore  report ppt
Università degli Studi di Firenze report ppt
Università di Bologna report ppt
Università degli Studi di Napoli Federico II report ppt
Università degli Studi di Roma Tor Vergata  report ppt
Università Politecnica delle Marche report ppt


Press Release: CFA Institute Research Challenge - Italy 



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