SOURCE: Value Investing Congress and SumZero
NEW YORK, NY--(Marketwire - Jul 11, 2012) - The Value Investing Congress and SumZero, Inc. yesterday announced the launch of a top idea contest, the Value Investing Challenge. The ultimate Challenge goal is to encourage high-quality investment research, unearth top investing talent, and level the playing field so that lesser-known (but equally-brilliant) investors have the opportunity to present in front of the same high-profile Value Investing Congress audience as legendary investors such as David Einhorn and Bill Ackman.
Contestants are asked to contribute one investment write-up covering a company of at least $300 million in market capitalization. Submissions will be evaluated by a team of well-known value investors with several decades of professional experience between them.
The winner of the Value Investing Challenge will get the opportunity to present his/her idea at the next Value Investing Congress taking place October 1 & 2, 2012 in NYC alongside world-renowned investors including David Einhorn, Barry Rosenstein, and Alex Roepers, to name a few.
"The goal of the Value Investing Congress has always been to bring the best and brightest on stage in an environment where differentiated thinking can thrive," said Whitney Tilson, Co-Founder and Chairman of the Value Investing Congress. "This new contest will help ensure that Congress attendees are getting the chance to capitalize on a truly unique perspective and hear from one investor whose idea rose to the top."
"One of the reasons we created this contest is to identify a new breed of great investors who otherwise might never get the chance to present their thinking on such a grand platform," said Divya Narendra, CEO/Co-Founder of SumZero, Inc. "There are a huge number of incredibly-talented investors who do not get heard on a large scale because they don't manage a lot of assets or because they haven't made a blockbuster trade. This contest is designed to rectify that. It's about creating opportunities, identifying talent, and adding to the conversation."
Eligible contest participants must be current members of the SumZero community and must be currently employed at a hedge fund, mutual fund or private equity fund with limited exception. More information on eligibility and how to enter the contest is available at the official site of the contest: www.valueinvestingchallenge.com.
The contest officially kicks off on July 10, 2012 and will conclude on August 17, 2012. The winner will be announced on Tuesday, September 18, 2012.
About the Value Investing Congress
Whitney Tilson and John L. Schwartz established the Value Investing Congress in 2004 so that passionate value investors -- disciples of Graham, Dodd, Buffett and Munger -- can meet and learn from one another and achieve even greater investment success. Tilson is one of the country's best known value investors and is the co-founder of Value Investor Insight. Schwartz is the founder and former CEO of Continuing Medical Education, Inc., the highly successful medical information company. More information is available at ValueInvestingCongress.com.
SumZero is the world's largest community of buyside investment professionals. SumZero's members-only website is designed to help buysiders identify and connect with other buyside investors in a compliant environment, share original research, and identify professional opportunities within the industry. SumZero's membership is currently includes thousands of the world's largest and most prominent hedge funds, mutual funds, and private equity funds. Founded in 2008, SumZero is built on the belief that investing is not a zero-sum game. More information is available at www.sumzero.com.