Thursday, 31 July 2014
Last updated 7 min ago
Jan 14 2013 | 7:07am ET
Attention Wall Street athletes: registration for this year's RBC Decathlon opens on January 22.
The event, created in 2009 by former university track athletes Dave Maloney and Marc Hodulich, tests the mettle of financial industry participants in 10 events—a 400-meter run, an 800-meter run, a 40-yard dash, a football throw, pull-ups, dips, a 500-meter row, a vertical jump, a five-cone drill and a bench press—while raising money for the Memorial Sloan-Kettering Cancer Center’s pediatric cancer research.
This year's version has some new features because, as Maloney told FINalternatives, the Decathlon “morphs into a larger, almost unrecognizable being every year.”
That's “not a complaint,” he said, “It's fantastic.”
In 2013, the Decathlon will crown Wall Street's best male and female athletes, this being the first year the competition is open to women.
And the formerly one-day event will now be more of a “two-day festival,” said Maloney, with the addition of a new competition, the Wall Street Mile, a one-mile race on the track at Columbia's Wien Stadium, the site of the Decathlon. Maloney says they'll run heats of 20 competitors at a time, grouped by goal-time (i.e. how fast participants think they can run a mile).
One of the most interesting features of the competition is that there's more than one way to win:
“There's different 'wins' that people are going for,” said Maloney. “Winning their age group, winning their marquis event, winning the overall competition, winning the fundraising incentive, sometimes just winning a head-to-head match with somebody...from a rival firm.”
And like last year, much of the fun of the event will come from side bets on everything from which athletes will prevail to which event records will fall.
Participants must raise $3,000 between the time of registration and the time of the competition. Teams must include at least three people from the same company who divide up the 10 events.
Space is limited and registration will open Tuesday, January 22 at 8 a.m. at www.thedecathlon.org.
The Wall Street Mile will be run on Saturday, July 27, 2013 with the RBC Decathlon following on Sunday, July 28.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…