NEW YORK, Feb. 26, 2015 /PRNewswire/ -- Scutify, a platform
that collates social commentary and news for a community of
passionate investors and traders, today announced the release of
the iOS version of the company's popular Hedge Fund Manager app.
Hedge Fund Manager lets users play billionaire hedge fund managers
with a virtual $100,000 hedge fund
they can use to try out strategies and learn new techniques to
create portfolio value. And starting March
2, registered Hedge Fund Manager users can compete for
$20,000 USD in cash and prizes – as
well as bragging rights.
The Scutify Hedge Fund Manager app allows users to create and
manage a fantasy hedge fund with $100,000 in virtual cash. The app provides
opportunities for fun and learning to new investors and seasoned
traders alike, enabling risk-free exploration of basic and advanced
portfolio management strategies. The app displays fund status,
including total, weekly, monthly and year-to-date returns. Hedge
fund managers can also view fund activity and holdings in real time
– their own and others' – gaining valuable insights into different
investment styles.
One of the most popular features Scutify investment apps offer
is the opportunity to follow favorite market All-Stars, including
actual hedge fund managers, CEOs, executives, analysts, influential
journalists and many more. All-Stars will be participating in the
fantasy hedge fund contest, and registered participants can use the
open platform to see what All-Stars and other investors are buying
and selling, monitoring portfolio value and learning insider
insights as they view the top 100 hedge fund leaderboard.
Available on Google Play for Android devices since early
February, the Scutify Hedge Fund Manager app is now available in
iOS for iPhones and iPads. And to celebrate the new release,
Scutify is sponsoring a year-long competition to find the best
hedge fund manager on Scutify. The contest starts on March 2, 2015. Like the app, contest entry is
absolutely free, and contestants can join the competition any time
while the contest is active – until March 4,
2016.
The first place prize winner – the participant with the most
valuable virtual portfolio when the contest ends – will receive
$10,000 USD plus a one-year
subscription to the Scutify premium service of his or her choice.
The first runner up will receive $2,500 and a one-year subscription, and the
fantasy hedge fund manager who comes in third gets $1,000 and a year's premium subscription for
free. In addition, Scutify will award $250 monthly to the fund manager who achieves the
highest percentage return in each calendar month while the contest
is active, and weekly winners will receive $50 for the highest percentage ROI for the
trading week.
Fantasy hedge fund managers can visit the Apple App Store or
Google Play now to download the Scutify Hedge Fund Manager app and
register their virtual hedge fund. To find out more about Scutify,
please visit www.scutify.com.
About Scutify
Scutify is the leading social network
for the finance community. An aggregator of news, social chatter
and finance content, Scutify is a hub for all the 'scuttlebutt'
around stocks, commodities and Forex. Users can post their own
Scuttles about market activity, monitor specific stocks and
commodities, and follow their favorite investors and traders for
trusted insights. Scutify also offers premium content from
professional analysts, financials for public traded companies and
an integrated trading platform. Learn more at
www.scutify.com.
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SOURCE Scutify