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Start thinking now. SumZero, an online community for investment expert to exchange ideas, is partnering with FactSet for a financial investment idea competition with $160,000 up for grabs.
It all beginnings on June 9th. Every three months there will be a new theme Best Short idea, Best Credit/Fixed Earnings idea, and Best Mid-Cap/Large-Cap idea.
‘Fund experts are inherently competitive. It makes best sense to utilize that energy by building a competitors filled with the types of benefits that people in the market genuinely value,’ said SumZero CEO Divya Narendra. ‘Our objective is to produce the most effective environment in the world for actionable investment ideas, and to do that it’s essential to make certain that the required rewards exist to reward exceptional efforts that go above and beyond the common pitch you may find on Commercial. That’s exactly what this Competition is designed to do.’
1st, Second and Third area finishers of the 4, themed contests will be awarded very first- round cash prizes worth $15,000, $6,000, and $2,500, respectively. At the end of the year, an extra round of $5,000 cash prizes will be awarded to individuals based totally on their efficiency.
The 2, best all-around ideas, throughout all contests, as identified by an extra level of judge assessment, performance, liquidity, and peer-review, will get the Grand Prizes, worth an added $36,000 and $10,000, respectively.
That implies a single idea can be awarded as much as $56,000. Plus you can get in as many concepts as you want and win as many as you can.
The judges are all financial investment pros – Mohnish Pabrai (Pabrai Financial investment Funds), James Montier (GMO), Glenn Tongue (Deerhaven Capital Management), Individual Spier(Aquamarine Fund), Zeke Ashton (Centaur Capital Partners), as well as senior professionals from possession allotment companies like the Virginia Tech Foundation, the MITInvestment Company, the Cook Kid’s Health Care System, and the UCLA Financial investment Company.
To send, you need to working from a personal equity company, hedge fund or shared fund and belong to the SumZero web site. Oh, and your concept has to have at least a $500 million market cap.
In addition to the cash prizes, winners will get to pitch their ideas on CNBC’s Quick Cash Halftime Report and at the 10th Annual New York Value Investing Congress.
‘There are lots of men and women in the fund neighborhood that are phenomenal investors, but don’t have daily access to broad distribution platforms more commonly readily available to the Bill Ackmans, the Warren Buffetts, and the John Paulsons of the world,’ stated Narendra. ‘We like identifying under-the-radar skill and elevating it. Ideally, performing well in this contest opens the runway simply enough for gifted up-and-comers to remove and end up being the investing greats of tomorrow.’
Like we said, start thinking.
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