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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Fortress Announces Investment Challenge for Students

Sep 04, 2013
Jing Chen

New York-based hedge fund firm Fortress Investment Group announced Wednesday that it will be the exclusive sponsor of the Fortress Global Macro University Challenge.

The Challenge will consist of undergraduate and graduate students from the 20 top universities and colleges in North America competing against each by managing hypothetical investment portfolios. Participating universities include New York University, Princeton and Yale.

The two winners will win summer internships on Fortress’ macro investing team next summer. The will also share a prize of $15,000. Participants will be judge on a variety of factors, including investment returns, trading histories, risk management skills, and how they translate their market insights into portfolio management strategies.

Founded in 1998, Fortress manages approximately $55 billion in assets under management.

 

 

 

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