Each Team must then generate an investment strategy based on its market assumptions, validate its beliefs through Bloomberg functionality, and execute simulated trades on a closed Bloomberg network on the Terminal to generate the highest return relative to the Bloomberg US Large Cap Price Index (B500 Index).
- All simulated trades must be submitted through the Login to the Terminal.
- The mock notional amount to be invested by each Team is US $1 million.
- No single position held by a Team may be greater than twenty percent
(20%) of the notional amount.
- The Challenge is limited to long-only trades of single-name equities of
US-based companies. No exchange traded funds (ETFs).
- Interest on the Team’s notional amount will be assessed in the amounts of:
Ten percent (10%) on negative cash balances; and
One percent (1%) on positive cash balances.
- Each Team that participates in the Finals must submit a one-page investment rationale, pursuant to the Challenge calendar displayed on the Challenge Site. This rationale should explain the team’s investment decisions, risk management, and overall methodology.