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2008 Manager Challenge Events

During 2008, we plan to present the Manager Challenge at a number of industry conferences and seminars. These competitions may include “in-person” events designed to be both educational and entertaining for participants. The Manager Challenge may also be offered as a “remote” competition for attendees in advance of a conference or seminar, with the prize award taking place at the actual event.  This “remote” Manager Challenge capability may also be offered separately from any specific conference, with competitors logging in from around the world.

If either an in-person or remote presentation of the Manager Challenge might fit with your conference or seminar objectives, please contact us at challengeinfo@brandes.com.

The 2008 Brandes Institute Manager Challenge Trophy will be awarded to the team that scores the highest excess return in any competition during the year.

Brandes Insitute Manager Challenge 2007 Tournament

The Brandes Institute Manager Challenge 2007 Tournament was played over three week-long qualifying events during the year.  The Tournament was open to clients of Brandes Investment Partners L.P., consultants, financial advisors, and institutional investors worldwide.  

Each week-long event advanced by one period each day, allowing competitors 24 hours to research and allocate their portfolio accordingly. The team with the highest excess return in any single event was declared the champion. 

The winner of the 2007 Tournament was Leah Jones from Chicago-based Mosaic Financial Group, LLC.  She earned an invitation to the Brandes Institutional Consultant Seminar at the Grand Del Mar Resort in San Diego, and was awarded the 2007 Tournament Trophy.

Manager Challenge® 2007 Tournament Overall Leaderboard:

Team Name

Round Played

Excess % Return* (USD)

Mosaic

1

3.60%

TGS

3

3.57%

Parametrics

3

3.56%

Kimad

1

3.25%

T.P. Fudd

3

3.09%

TGS

2

2.67%

A.T. & Love, Inc.

1

2.50%

A.T. & Love, Inc.

3

2.36%

Go Alphamax Go

3

3.31%

Zoohaa

1

2.18%

*Excess returns, after adjustment for Career Points in this round, are calculated as the difference between adjusted total returns and the index benchmark.  In the event of any disputes over Manager Challenge scoring, final decisions will be made by the Brandes Institute.  These are not subject to review or appeal.

Manager Challenge® Institutional Client Tournament Trophy - 2006

Congratulations to the “Mad Cows” of Lockwood Advisors, who won the 2006 Institutional Client Trophy at our Client Conference at Dana Point, CA on October 24th, 2006.  Playing against the qualifying round leaders (the “Doji Bears”, of IKANO Fund Management), they trailed early in the competition, but rallied to win the 2006 Trophy.

Assess Your Performance

Participating teams that complete a post-event online survey will receive a Manager Challenge® Report Card.

This report features analysis of your team's participation in the Manager Challenge, including performance and asset allocation by period, and a summary of the effectiveness of your hiring and firing decisions.  We believe this is an interesting and useful tool that may help you better assess your team's overall performance.  See the example below.

 

Target Index: Hypothetical benchmark of equity and fixed income indices against which all players were measured.  This competition's index was 60% equity and 40% fixed income.

Liability Index: Required return to fund hypothetical current and future liabilities during the game.  This competitions index was 7% per annum.

Absolute Index: 0% each period; the object is not to lose assets in any period of the game.

 

Subs 3Y Abs: Absolute performance over the ensuing three years.

Subs 3Y Rel: Ensuing three year return of the product relative to the Target Index.

Allo.: Porftolio allocation to that product.

Pd.: Period during the game.

 

Manager Challenge® has been created by the Brandes Institute, a division of Brandes Investment Partners®. 

 

Manager Challenge® is a registered trademark of Brandes Investment Partners, L.P. in the United States.

 

This material was prepared by the Brandes Institute.  It is intended for informational purposes only.  It is not meant to be an offer, solicitation, or recommendation for any products or services, or for the purchase or sale of any products or services.  All information concerning managers, products and investments is fictitious.  Any resemblance between managers, persons or products in the Manager Challenge and any real managers, persons or products is unintentional.  No investment strategy can assure a profit or protect against loss.  The foregoing reflects the thoughts and opinions of the Brandes Institute.

 

The Brandes Institute, together with academic researchers, may use data and results from the Manager Challenge in order to study investor behavior in this simulated investment environment.  Throughout the Manager Challenge, the administrator may record information about team actions, including, but not limited to, hirings, firings and when such actions were effected.  The Brandes Institute reserves the right to publish results of any such research (possibly in conjunction with its academic collaborators) at the Brandes Institute website and/or in an academic journal.  Any such study or research will not use the names of individuals who participate in the Manager Challenge nor the names adopted for their teams.

 

Copyright ©2006-2007 Brandes Investment Partners, L.P. ALL RIGHTS RESERVED.  Brandes Investment Partners® is a registered trademark of Brandes Investment Partners, L.P in the United States and Canada.  Users agree not to copy, reproduce, distribute, publish, or in any way exploit this material.  For more information about Brandes Institute research projects, visit the website at www.brandes.com/institute.

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