Ø Each person has $1,000,000 to invest.

Ø Define your own investment horizon.

Ø Consider capital allocation, asset allocation, and security selection decisions and provide your rationale for your decisions.

Ø Submit your final research report in PDF file (10 – 20 pages)

Ø You may consider the following factors in making your investment decisions:

Alpha

Beta

Intrinsic value

Correlation structure

PE ratios

Efficient frontier

Risk tolerance

Analyst recommendation

Earnings forecasts

Known market anomalies (e.g., size and book-to-market ratio)