Burkenroad Reports, started in 1993, is the nation’s first university-sponsored securities analysis program. Each year 200 students from Tulane's A. B. Freeman School of Business are divided up into teams to follow 40 small-cap public companies headquartered in six southern states. Teams meet with top management, visit company sites, design financial models, and publish in depth, unbiased investment research reports.
The companies researched are "stocks under rocks" - companies that are underfollowed by Wall Street securities analysts. Burkenroad Reports has been featured in The Wall Street Journal, The Washington Post, Investor’s Business Daily, The New York Times, Barron's, and Kiplinger, as well as on CNN, CNBC, and PBS.
At an event at Wharton in December of 2014, the Burkenroad Reports was recognized by Re-Imagine Education as the top Teaching Delivery in Experiential Learning. Burkenroad Reports topped entries from 500 universities representing 43 countries.
Each spring the School sponsors the Burkenroad Reports Investment Conference at a major hotel in downtown New Orleans. Here, top management of these companies present the outlook for their companies and industries to an audience of nearly 800 individual and institutional investors.
On December 31, 2001, Hancock Bank created the Burkenroad Mutual Fund (HHBUX). The fund’s money managers utilize the students' research reports (as well as other sources) in the management of the fund. The fund now has about $800 million dollars under management, and it has outperformed approximately 99% of all mutual funds since its inception.
Not only has the Burkenroad Reports created a valuable experiential learning opportunity for our students; it offers the region’s public companies an important vehicle through which they can connect to financial markets and investors. The program boasts hundreds of alumni now working in the investment field.