Adirondack Cup


Adirondack Funds operates the Adirondack Cup, an initiative through which college and graduate students from participating universities throughout New York and New England can create their own hypothetical small cap portfolio for six months. At the end of this time, the portfolio with the best return will win The Adirondack Cup.

What is the benefit for students?

The goal of this competition is to give real life experience for economics and finance students interested in pursuing a career in financial services. The students will get practical experience in Adirondack’s core beliefs – research, patience and independent thinking.

For more specifics of the program, please click here

What happens at the end of the competition?

The competition will run from October 10, 2016 until April 7, 2017.  The Adirondack Cup will be awarded based on the highest return on the initial investment. The winning team will be invited to join one of the portfolio co-managers, Greg Roeder and Matt Reiner, for a luncheon and will have a chance to present their investment thesis.


To date, the following colleges and universities are participating in the 2016/2017 challenge:
Binghamton University St. Lawrence University
Bryn Mawr College State University of New York at Geneseo
Buffalo State, The State University of New York State University of New York at Plattsburgh
Clarkson University Stonehill College
Hofstra University Temple University
Ithaca College The College at Brockport
Maria College The College of St. Rose
Nazareth College Union College
Saunders College of Business at RIT University at Albany, State University of New York
Siena College Wesleyan University
St. John Fisher College University of Wisconsin-Milwaukee


For more information about The Adirondack Cup, contact  Alicia Lasch at or call 518.690.0470.


Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 888-686-2729, or visiting

The fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. Additionally, value investing is subject to the risk that a company’s intrinsic value may never be fully realized by the market.

The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-888-686-2729, or visiting Read it carefully before investing. The Adirondack Small Cap Fund is distributed by Rafferty Capital Markets, LLC, Garden City, NY, 11530.

© Adirondack Research & Management, Inc., 2006