Michael Reich, a Harvard MBA student, has come up with a way of tapping into investment talent to run a fund. Reich has set up a website, www.theupdown.com, where keen investors, either students or professionals, can run virtual portfolios, and submit investment research in a competitive environment.
The goal, says Reich, is to analyse the performance of individuals and the quality of the research, and use the most talented ideas to build either a hedge fund or mutual fund.
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