Can You Beat A Hedge Fund Manager? Play The Ira Sohn Stock Game To Find Out
(Kitco News)- Do you have investment skills that rival some of the tophedge fund managers in the world, then maybe it is time to put your money whereyour mouth is, at least figuratively.
Tuesday, the Sohn Conference Foundation announced the launchof the Ira Sohn Stock Game, a new fantasy stock picking completion, ahead ofits annual investment conference in New York City April 23.
With a $100 donation, potential investors will receive 1million tokens to construct a fantasy investment portfolio. The player with thebest performing portfolio will be crowned the winner and be given two ticketsto the 2019 Sohn Investment Conference.
Each portfolio needs to include at least three stockshighlighted during next week’s conference. Participants have until April 27 tosign up to the competition, which runs until Feb. 8, 2019.
The money raised through the game will be used to furtherthe foundation’s mission to treat and cure pediatric cancer.
“The Ira Sohn Stock Game is an exciting way to engage anyoneinterested in building their dream portfolio, while also raising money for acritical cause,” said Evan Sohn, Vice President of The Sohn ConferenceFoundation in a press release. “For 23 years, as the original and premierinvestment idea event, The Sohn Investment Conference has honored Ira Sohn’scareer as a successful Wall Street professional. This game is another way tobuild upon that legacy.”
The game is operated throughPortfolios with Purpose. And people can register for the Ira Sohn Stock Game here.
Gold At The Sohn Conference
Gold investors will want to keep an eye on comments made atthe Sohn Conference, which has been dubbed the “Superbowl” of investmentconference; the yellow metal is starting to attract some interest from majorinvestors.
Some hedge funds and financial institutions are becomingmore bullish on the yellow metal as market volatility picks up and U.S. dollarand equity markets struggle to find momentum.
For the gold market, this year’ Sohn Conference features twomajor fund managers who have shown an affinity for the yellow metal.
David Einhorn, president of Greenlight Capital, has been aprominent gold investor. He noted in his 2017 fourth-quarter letter toinvestors that gold is one of the firm’s top five investments, which alsoinclude AerCap, Bayer, Brighthouse Financial and General Motors.
In its letter released in January, the firm also said thatcut its losses in VanEck Vectors Gold Miners ETF (GDX) during the fourthquarter.
Jeffrey Gundlach is also another speaker that gold investorswill want to keep an eye on during Monday’s conference. The Doubleline CEO hasbeen bullish on gold saying that prices could rally $1,000 when it breaks aboveits well-established trading channel.
Gundlach said that he is bullish on gold as he expects tofurther weakness in the U.S. dollar.
“When you get a lousy year in the dollar, like last year,it’s very typically followed up by another year that’s bad just after,” he saidin a presentation in early March.
The gold market has also been a hot topic at previous Sohnconferences. In 2016, billionaire investor Stanley Druckenmiller and formerchief executive officer of Duquesne Family Office recommended investors sellstocks and buy gold.
For 23 years the Sohn Investment Conference hasbrought together some of the most prominent hedge funds in the world to presenttheir best investment ideas for the year, to raise money pediatric cancerresearch. Since its inception, the foundation has raised $80 million.
By Neils ChristensenFor Kitco News
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nchristensen@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.