Tuesday, 30 August 2016
Last updated 58 min ago
Feb 1 2013 | 12:47pm ET
Akiva Katz, co-founder of the New York-based hedge fund Bow Street, placed first in Portfolios with Purpose's 2012 stock selection competition, raising $10,476 for Project Ore, a New York City charity serving the homeless.
Katz took first place in the Professional Class; followed by Daniel Cruise, who raised $5,238 for Skills for Southern Sudan; and Michael Krueger, who won $1,746 for the American Cancer Society.
Novice Class winner Sarah Seelaus brought in $4,725 for Camp for All; while second-place finisher Brian Zakutansky contributed $2,362 to Light in Africa; and third-placed Bryan Rush won $787 for the Notre Dame School of Dallas.
Over 400 participants took part in the competition, including Master Class investors Leon Cooperman, David Einhorn, Joel Greenblatt, Daniel Loeb and James Dinan, all of whom have signed on for the 2013 competition. Joining them will be Karen Finerman, Metropolitan Capital Advisors, Steve Kuhn of Pine River Capital, Rich Pzena of Pzena Investment Management, Douglas Silverman of Senator Investment Group and this year's Professional Class winner, Katz.
In addition to their titles, next year's Novice and Professional Class champs will also win lunch with the Master Class player of their choice.
“Portfolios with Purpose is a simple platform that brings people together, and combines a passion for investing with a passion for philanthropy,” said founder Stacey Asher. “We are thankful for the participation and support in 2012, and look forward to even more charitable giving in 2013.”