SumZero Launches FactSet Top Idea Tournament for Hedge Fund, Mutual Fund, and Private Equity Professionals
May 22 2014 - 3:00PM
SumZero, Inc. announces the launch of the FactSet Top Idea
Tournament, a full-year contest open exclusively to research
professionals working at hedge funds, mutual funds, and private
equity funds. SumZero is pleased to partner with FactSet (NYSE:FDS)
(Nasdaq:FDS), a leading provider of financial data and analytics to
investment professionals worldwide, in hosting this large-scale
research challenge.
Winners of the FactSet Top Idea Tournament will receive cash
prizes worth $160,000, speaking slots and tickets to premier
investor conferences, appearances on CNBC, and access to FactSet
products. The top cash prize available to a single idea is $56,000.
Individuals can enter multiple ideas and can capture multiple
prizes. One individual can take home the entire $160,000 cash
purse.
"FactSet is committed to helping the world's best investment
professionals outperform," says Meredith Binder, SVP, Director of
Global Marketing at FactSet. "Our partnership with SumZero on the
FactSet Top Idea Tournament lets us publicly recognize and reward
the industry's most innovative thinkers who create high-value
investment research."
The FactSet Top Idea Tournament is the first contest designed to
offer prizes based on research quality as well as the performance
of the underlying recommendation. "Creating truly great research
comes down to three parts: identifying a differentiated idea,
presenting that idea in a compelling manner, and finally having the
thesis materialize," said SumZero CEO Divya Narendra. "This is a
new class of research competition that rewards those ideas and the
people that can complete the full cycle."
The FactSet Top Idea Tournament consists of quarterly thematic
research contests, the first of which, a "Best International
(Ex-US)" contest, opens on June 9th. A new themed contest will
launch every three months. Contest themes include: Best Short idea,
Best Credit/Fixed Income idea, and Best Mid-Cap/Large-Cap idea.
Winners of each contest will be determined by simple vote via a
panel of senior fund managers and asset allocators hand-selected
for each theme. The panels include respected fund managers like
Mohnish Pabrai (Pabrai Investment Funds), James Montier (GMO),
Glenn Tongue (Deerhaven Capital Management), Guy Spier (Aquamarine
Fund), Zeke Ashton (Centaur Capital Partners), as well as senior
professionals from asset allocation firms like the Virginia Tech
Foundation, the MIT Investment Company, the Cook Children's Health
Care System, and the UCLA Investment Company.
"We were eager to establish a judges panel that included both
respected fund managers, as well as high quality institutional fund
investors that spend a good amount of their day-to-day reviewing
pitches from prospective managers," said Mr. Narendra.
To learn more about the FactSet Top Idea Tournament, entry
process, and prizes, visit http://www.factset.com/tournament.
About SumZero
SumZero is the world's largest community of investment
professionals working at hedge funds, mutual funds, and private
equity funds. With more than 10,000 pre-screened professionals
collaborating on a fully-transparent platform, SumZero fosters the
sharing of many thousands of proprietary investment reports every
year and offers several ancillary services in support of that
effort. These free services include capital introduction services,
buyside career placement services, media placement, and more.
SumZero's membership base is represented by analysts and PMs at
nearly all of the world's largest and most prominent investment
funds.
Learn more at sumzero.com.
About FactSet
FactSet, a leading provider of financial information and
analytics, helps the world's best investment professionals
outperform. More than 50,000 users stay ahead of global market
trends, access extensive company and industry intelligence, and
monitor performance with FactSet's desktop analytics, mobile
applications, and comprehensive data feeds. The Company has been
included in FORTUNE's Top 100 Best Companies to Work For, the
United Kingdom's Great Places to Work and France's Best Workplaces.
FactSet is listed on the New York Stock Exchange and NASDAQ
(NYSE:FDS) (Nasdaq:FDS). To learn more, visit www.factset.com or
follow FactSet on Twitter: www.twitter.com/factset.
CONTACT: Nicholas Kapur
COO, SumZero
nick@sumzero.com
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