CFA Society Toronto and Hillsdale Investment Management Inc. were pleased to announce the winners of the 2017 CFA Society Toronto & Hillsdale Canadian Investment Research Award at CFA Society Toronto’s Annual Awards Reception. The award-winning paper—“Dominance of Hybrid Contratum Strategies Over Momentum and Contrarian Strategies: Half a Century of Evidence”—was submitted by Dr. Kobana Abukari, assistant professor of finance at Laurentian University, and Dr. Isaac Otchere, professor of finance at the Sprott School of Business at Carleton University.

Chris Guthrie, CFA, president and CEO of Hillsdale Investment Management Inc., handed out the professors’ awards and $10,000 cheque at the Awards Reception that took place in February. “The authors have discovered that a hybrid of short-term momentum and long-term reversal strategies offers superior rewards than either one in isolation. Their findings are robust over 50 years of testing in Canada and contribute to the solid base of evidence for the success of multiple time horizon investment strategies,” said Guthrie.