Scutify Marks Launch of iOS Version of Popular Hedge Fund Manager App with Fantasy Hedge Fund Competition
Hedge Fund Manager App Now Available at the Apple App Store in Addition To Google Play -- Contest with $20,000 in Cash and Prizes Coming Soon
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.
SOURCE Scutify
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