NEW YORK, NY -- (Marketwire) -- 09/12/12 -- The Value Investing Congress and SumZero, Inc. yesterday revealed the three finalists for the top idea contest, the Value Investing Challenge.
The three finalists are Ryan Fusaro of LionEye Capital Management, Matthew Kirk of Lonestar Capital Management, and Steven Wood of GreenWood Investors. The Challenge, which began on July 10, 2012, was designed to encourage high-quality investment research, unearth top investing talent, and level the playing field so that lesser-known (but equally-brilliant) investors have the opportunity to present in front of the high-profile Value Investing Congress audience.
From a total eligible pool of over 110, the three finalists were selected based on the clarity of their written pitch and degree of persuasiveness inherent in their investment ideas. Submissions were evaluated by a team of well-known value investors with several decades of professional experience between them. The panel of money managers served voluntarily and without compensation, but also asked to remain anonymous.
The greater investing public is now invited to read each pitch and vote on the grand winner. The specific pitches selected as finalists include:
•A long recommendation of Jack in the Box pitched by Ryan Fusaro (LionEye Capital) •A long recommendation of Fiat pitched by Steven Wood (GreenWood Investors) •A long recommendation of Cincinnati Bell pitched by Matthew Kirk (Lonestar Capital Management)
Voting begins on September 12, 2012 and ends of September 26th at the contest website, www.ValueInvestingChallenge.com. The investing public can read the full reports on the contest site.
The ultimate winner of the Value Investing Challenge will be determined by the investing public. The winner will have the opportunity to present his/her idea at the next Value Investing Congress, taking place October 1 & 2, 2012, in NYC alongside world-renowned investors including Bill Ackman, David Einhorn, Barry Rosenstein, and Alex Roepers, to name a few.
"The Value Investing Congress offers an environment where extraordinary thinking thrives and where the best and the brightest are heard," explains John L. Schwartz, CEO and Co-Founder of the Value Investing Congress. "We created the Value Investing Challenge on that foundation."
Whitney Tilson, Chairman and Co-Founder, added, "We were truly impressed with the quality of the investment ideas, and we look forward to the winner's presentation at the Value Investing Congress."
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