Hofstra Students Place Second at Investment Competition
A group of Hofstra University students took second place at this year’s Adirondack Cup stock picking challenge. The Challenge is a six-month contest sponsored by a boutique mutual fund company that was co-founded by an alumnus from the Zarb School of Business. For the challenge, students from 18 different colleges and universities in the Northeast, managed a hypothetical stock portfolio valued at $1 million. The goal of the competition is to give students the opportunity to test investment ideas and management concepts for portfolios.
Adirondack Research & Management Inc. sponsors the competition. Adirondack Research & Management Inc. is the Advisor to The Adirondack Small Cap Fund (ADKSX), an SEC registered no-load mutual fund established in 2005. During the competition, the Hofstra team posted a 35.38 percent return during the competition.
