Portfolios With Purpose Announces Master Class Winners of 2016 Stock-picking Contest; Registration Deadline Nearing for 2017 Contest

Sectors
Financial services Fund management
Keywords
stock picking contest charity hedge funds finance best-performing portfolios
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January 16, 2017 – Portfolios with Purpose ("PwP") today announced the Master Class winners of its 2016 stock selection competition, where professional and amateur investors compete to raise money for their favorite charities.  Mark Yusko, Morgan Creek Capital Management, received first place in the Master Class competition and won $176,600 for Meals on Wheels North Carolina. A total of 650 players competed in the 2016 contest, which included Professional and Novice players, playing for a total of $416,000. 

Registration for the Professional and Novice classes in the 2017 competition will close at 11:59PM Eastern on January 22, 2017.  Playing in this year’s invitation-only Master Class are:

  • Kyle Bass (Hayman Capital Management);
  • John Burbank (Passport Capital);
  • Leon Cooperman (Omega Advisors);
  • Jamie Dinan (York Capital Management);
  • David Einhorn (Greenlight Capital);
  • Andrew Feldstein (BlueMountain Capital Management);
  • Lee Hobson (Highside Capital Management);
  • Matt Knauer (Nokota Capital)
  • Jason Karp (Tourbillon Capital)
  • Stephen Ketchum (Soundpoint Capital)
  • Marc Lasry (Avenue Capital Group);
  • John Lykouretzos (Hoplite Capital)
  • Keith Meister (Corvex Management);
  • Bill Miller (Legg Mason Manangement)
  • Andy Nahas
  • Rich Pzena (Pzena Investments)
  • Rick Rieder (BlackRock);
  • Barry Rosenstein (Jana Partners)
  • Jonathan Rosenthal
  • Jeremy Schiffman (Palestra Capital)
  • Doug Silverman (Senator Investment Group);
  • Reid Walk (5T Investments)
  • Andrew Wellington (Lyrical Partners)
  • Mark Yusko (Morgan Creek Capital Management)

Mark Yusko said, “PwP’s contest is a fantastic way to engage with our industry and  give back to our communities.  It is an honor to win this year’s competition, and I am thrilled to be able to support Meals on Wheels.  Chapel Hill - Carrboro MOW is committed to supporting our senior neighbors to live healthier and more independent lives in their own homes.”

Stacey Asher, Founder and CEO of Portfolios with Purpose, said, “We are extremely pleased with the participation levels we achieved in 2016 and hope to continue our strong momentum this year so that we can continue to raise much-needed funds for impactful charities.  On behalf of our entire team, I want to thank all of our dedicated contestants. I look forward to our 2017 contest – with only 3 days left remaining, I invite all stock-pickers to sign up for the competition.”

PwP is pleased to announce the following 2016 winners.

 

Master Class

Mark Yusko $176,700
Meals on Wheels of Chapel Hill-Carrboro 123%

David Einhorn $88,350
Convergence - Center for Policy Resolution 122%

Reid Walker  $29,450
Lemonade Day 121%


Professional Class:

Eric Fry +150%
The Roberto Clemente Health Clinic $46, 800

John Labanowski +136%
Promise House  $23, 400

Stephen Thomas  +130%
Promise House $7,800


Novice Class

Richard Porteous +127%
Notre Dame School of Dallas  $25, 932

Karl Albrecht  +123%
UPS for Downs    $12, 966

Chris Elliot  +113%
Scottish Rite Hospital $4,322


To register for PwP’s 2017 competition, please visit the organization’s website at www.portfolioswithpurpose.org.  For questions about the competition and registration process, please contact Brett Waikart at brett@portfolioswithpurpose.org.


About Portfolios with Purpose

Founded in 2011, Portfolios with Purpose (“PwP”) is a registered 501(c)(3) non-profit institution that hosts stock selection competitions in which participants compete on behalf of their favorite charities.  PwP unites the general public with some of the world’s most renowned investors to bring global awareness to impactful philanthropic causes.


Contact

Stacey Asher
stacey@portfolioswithpurpose.org
+1 (646) 204-5342

Press release distributed by PressHalo on behalf of Portfolios with Purpose, on 20th January, 2017.