CFA Society Sweden is pleased to announce that Linköping University Team C has won the Swedish CFA Research Challenge 2025. The winning team members, including Mattias Sellin, Erik Löfman, Filippa Hermansson and Hannes Martinsson have delivered a written hold recommendation on Truecaller AB and presented it to a panel of distinguished graders and judges from the investment community. The winning team was mentored by Pontus Ferno, CFA (Infranode) and had guidance from their faculty advisor Öystein Fredriksen, Senior Lecturer in Economy.
This year’s CFA Research Challenge was hosted by David Krook, CFA, President of CFA Society Sweden and Tanja Raassina Harrison, CFA, Treasurer of CFA Society Sweden. The Board of CFA Society Sweden would like to thank all the volunteers and sponsors that made this year’s competition a great success:
• Mentors: Andreas Brink, CFA; Elena Shatrova, Erick Mokaya, CFA; Marcela Klang, Margot Jacobs, Mark Shay, CFA; Pontus Ferno, CFA; Sebastian Haq, CFA; Xuli Qian, CFA; and Tetiana Soviak, CFA.
• Graders: Anders Gustafsson, Carlos Guevara, CFA; Magdalena Högberg, Mats Waldemarsson, CFA; Oleg Pavlovskyy and Peder Du Rietz, CFA.
• Judges: Andreas Brock, Erik Karlsson and Simone Hirschvogl, CFA.
Finally, we would like to thank all the students who took part in this competition.
The following Swedish universities were represented in the CFA Institute Research Challenge:
• KTH
• Linköping University
• Luleå University
• Stockholm School of Economics
• University West
• University of Gothenburg
• Umeå University
About the CFA Institute Research Challenge
The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis and professional ethics. The students are tested on their analytic, valuation, report writing, and presentation skills. They gain real-world experience as they assume the role of a research analyst. www.cfainstitute.org/researchchallenge.
