BattleFin

Anyone have experience about these guys?

http://www.battlefin.com/

They host regular trader tournaments to evaluate and find talented traders suitable to become CTA or HF managers.

 

Is there a cash prize or is the program solely for exposure?

 

As I understand the top two winners of the tournament receive 3 million dollars each to manage and pocket fees from. A decent amount of money imho.

 

3M of investment capital for the firm to manage or is the prize cash?

 

So the winner is hired to trade for the fund and gets a management fee of something like 2%-4% of that. Something like 60-120k management fee. Not bad for a prize.

 

I hear that this is legit

 

The potential 1% management fee from 3 mill AUM is $30,000 a year. Thanks, but I would rather be flipping burgers.

 

Professional division has a $4 million allocation and gets 17.5% of profits. I'm entering and will find out the 21st if I was chosen to compete.

 

That's a sweet share. Good Luck, then.