Hedging is a cornerstone practice in Finance. 'To hedge' means making investments that reduce the risk of adverse price movements in securities in a portfolio. Typically, hedging is done by taking offsetting positions in related securities such as options, stocks, or futures.

HT 2011

The Tournament

The McIntire Hedge Tournament is held at the end of the spring semester and involves 20+ teams of grad and undergrad students from three academic programs. On the day of the Tournament, you and your team will manage a portfolio of securities worth $50million. The objective of the Tournament is to manage risk by keeping it to a pre-determined low level while producing a profit. The team that most effectively navigates turbulent financial seas, wins. Detailed rules are published in the Tournament Rulebook.

Faster than real time

The tournament operates at faster-than-real-time. This means that one minute in the Tournament is equivalent to one day in the real markets. This keeps things hopping!

Algorithmic trading with live data

The speed of the tournament and the number of securities in your portfolio make the use of algorithmic trading techniques a necessity. You and your team will design hedging strategies and will develop software applications that execute them. These applications access online live financial data (e.g., stock prices), perform financial calculations (e.g., option portfolio evaluation), trade securities, and keep track of your financial performance.


The McIntire Hedge Tournament Champions Roster



Champs
2016 Champions: JJ Zhang, Ye "Ivy" Jin, and Matt Doyle

Champs
2015 Champions: Sam Green, Thorsten 'It was not that hard' Beule, and Troy Singer

Champs
2014 Champions: Jiho Kim, Connor McKenzie, and Rui Gong

Champs
2013 Champions: Brian Patton, Philip Zheng, and Sylvie Jobes

Champs
2012 Champions:Will Earthman, Lin Lin, and Robert Wiese

Champs
2011 Champions:Michael Dandalides and Chris Malm

Champs
Fall 2010 Champions (tie): Christian Lusetti and Mark Zamani

Champs
Fall 2010 Champions (tie): Andrew Hua amd Jichao Li

Champs
Spring 2010 Champions: Tian Zeng, Scott Foster, Arun Balasubramanian, and Shyam Mehta

Champs
Fall 2009 Champions: Alessandro Acquadro, Alessandro Perona, and Federico Oliva
  Exchange students from Bocconi University, Italy