Would-be competitors only have until 31 January in which to sign up for the asset allocation competition being run by SharingAlpha and the Chartered Alternative Investment Analyst (CAIA) Association, which offers scholarships valued at over $5,000 for podium winners and a full scholarship to the CAIA Charter programme for the overall winner.
Open to investment professionals globally, the competition consists of constructing a virtual fund of funds. Starting 1 February 2017, the performance of the portfolios will be measured through to 31 November – based on total portfolio return minus maximum portfolio drawdown over the period.
Interested entrants can sign up for the competition at www.sharingalpha.com.
Laura Merlini, MD EMEA of the CAIA Association said: “CAIA is very excited to support SharingAlpha in its mission to create a community of fund selection professionals. The CAIA Charter is the most relevant designation for asset allocators tasked with selecting and allocating to uncorrelated assets, and this competition will showcase that skill set. We wish the best of luck to all competitors.”
Oren Kaplan, CEO and co-founder of SharingAlpha, said: “Our vision is to offer the investment community a better way to select winning funds and at the same time to offer fund selectors and investment advisers the option of building their own proven long term track record. It’s about time that funds are rated on the basis of parameters that have been proven to work and fund selectors and investment advisers will be judged according to their ability to add value to investors. We strongly believe that the cooperation with the CAIA Association will help us in exposing a larger audience to our unique platform.”
The CAIA Association is focused on offering education on alternative investments for financial professionals, including designated ‘Charter’ status for those who have successfully completed the relevant programme. The organisation was founded in 2002.