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. Students will also get a significant head start interacting with Adirondack’s network of financial clients and college alums who will be following the competition closely, rooting on their alma mater.
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What happens at the end of the competition?
The competition will run from October 13, 2014 until April 10, 2015. The Adirondack Cup will be awarded based on the highest return on the initial investment. The winning team will be invited to join portfolio co-managers Greg Roeder and Matt Reiner for a luncheon and will have a chance to present their investment thesis.
For more information about The Adirondack Cup, contact Alicia Lasch at email@example.com 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 www.adirondackfunds.com.
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 www.adirondackfunds.com. 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