Young Hedge Fund Investors

Filed in archive Hedgetalk on April 11, 2007

Over 2,000 post-secondary students acted as hedge fund managers for the InvestYoung National University Stock Market Competition which ran from October 16, 2006 to March 9, 2007. Approximately 20,000 trades were executed on over 2,800 symbols across all major North American markets.

All ten finalists posted returns that more than doubled the performance of the RBC Capital Markets Hedge 250 Index, which is a representative benchmark of hedge fund performance. The most actively traded securities were Apple, Google, Microsoft, Yahoo! and Sony.

Students were given the opportunity to invest a simulated portfolio of $1,000,000 Canadian (US $869,000) in securities traded on major North American exchanges. Story here.

In response to comments, here are the top 5;

Shan Sarwar-
$1,294,114.70-

Zan Zhang-
$1,215,375.61-

Danny Pastor-
$1,185,811.19-

Bobby Holmes-
$1,143,115.17-

Robert Fine-
$1,134,565.53

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Vote for Young Hedge Fund Investors:

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Rating: 9.67 out of 3 vote(s) cast.

Response from: RBH (04/11/07 9:49am)

I'd dearly love to see the distribution across all those student HF managers.

Response from: Alex Åkesson (04/11/07 12:11pm)

Here are the top 5;

Shan Sarwar-
$1,294,114.70-

Zan Zhang-
$1,215,375.61-

Danny Pastor-
$1,185,811.19-

Bobby Holmes-
$1,143,115.17-

Robert Fine-
$1,134,565.53

Response from: RBH (04/12/07 12:19am)

Um, I appreciate that, but what would be informative is the distribution of returns across all participants. That would tell us a little something about the probabilities associated with the reported returns. Hedge fund managers and traders (I'm a trader) are a whole lot more interested in variance than just extremes or means.

Response from: Alex Åkesson (04/13/07 3:44am)

Oops, I misunderstood, a request is on it's way.

Response from: Alex Åkesson (04/13/07 8:34am)

They only listed the top two that I could find;

1. Jason Mah - $1,451,618.98 - University of Victoria with a 45% return on investment.

2. DeanPetrovic - $1,373,006.01 - York University (YIC), with a a 37% return on investment.

Hope that helps.

Response from: RBH (04/13/07 10:39am)

Ah, well. Thanks for trying. It looks like it would be a nice dataset for looking at manager variation, since there's no survivorship bias and other confounds.