2026 Undergraduate Case Competition Registration

Farallon Capital Management, L.L.C. • San Francisco, CA

1d • Onsite

About The Position

Farallon is hosting its Thirteenth Annual Undergraduate Investment Case Competition in Fall 2026. This competition aims to advance the understanding and practice of investing through real-world examples. Students will form teams of 3-4 and will be assigned one of three pre-selected companies to research and present an investment thesis, either long or short. Farallon investment professionals will judge the submissions and provide feedback. The top team for each stock will present in person in San Francisco, where the winning team will be selected. Farallon will cover travel and hotel expenses for the finalists.

Additionally, all sophomore case competition participants will be automatically considered for Summer 2027 investing internships at Farallon. Interviews for selected students will begin in mid-November, with offers extended subsequently.

Requirements

• Must be an undergraduate student.
• Compete in teams of 3-4.
• Submit a registration form with name, email, school, team name, and resume.
• Use an anonymized team name (no identifying information, no "Farallon").
• Each individual team member must submit a registration form.
• Case study materials must not identify team members, school, or student organization.
• All sources used should be cited.
• All work should be done using publicly available information.
• Do not identify yourselves as agents or representatives of Farallon during research.
• Excel model should be cleanly formatted and easy to understand.
• If using formulas from third-party software (Bloomberg, CapIQ, FactSet), hardcode inputs and identify sources via comments.
• Written Report and PowerPoint must be in PDF format.
• Excel model must be in Excel format.
• Submissions must be titled with the team’s name followed by the specific submission piece (e.g., TeamName.PowerPoint.pdf).

Nice To Haves

• Use of AI to support research and work is welcomed.
• Encouraged, but not obligated, to include the use of alternative data (e.g., credit card data, geospatial imaging, clinical trial data, Google trends).
• If alternative data is inaccessible, teams may point to the specific data source and describe how it would be used.

Responsibilities

• Research and analyze one of three pre-selected companies.
• Develop an investment thesis (long or short).
• Prepare a written report (up to 10 pages in PDF format).
• Create an Excel model to support the investment thesis.
• Develop a PowerPoint presentation (up to 15 slides in PDF format).
• Present the investment case to Farallon investment professionals (for finalists).
• Submit all required case study materials by the deadline.

Benefits

• Travel and hotel expenses covered for finalists presenting in San Francisco.
• Sponsorship gift to the teams’ affiliated student investment club: $5,000 for First Place, $2,000 for other finalist teams.
• Automatic consideration for Summer 2027 investing internships at Farallon for sophomore participants.
• Feedback on case submissions from Farallon investment professionals.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed