How good of a portfolio manager are you?
Beginning Jan. 1, 2013, amateurs and professionals alike can pit their stock-selection skills against their peers in a mock five-stock global portfolio to benefit their favorite U.S. charity through Portfolios with Purpose.
The non-profit organization was founded earlier this year by Stacey Asher, partner at IMB Partners LLC, New York, a hedge fund investor relations and marketing consultant.
The contest features three investor levels: master class, which is by invitation only and carries a $10,000 entry fee; professional class, which requires two years of financial industry experience and approval by PwP with a $1,000 entry fee; and novice class, which is open to the general public for a $100 entry fee.
First-, second- and third-place winners in each class as of year-end 2013 will split the pot of entry fees among their nominated charities. All entry fees go directly to charity, Ms. Asher said in an interview.
More than 100 people are beta testing the contest system this year, Ms. Asher said, noting registration for the official contest next year starts in September.
Information about the contest and PwP is available at www. portfolioswithpurpose.org.