Club:
● Reminder of the Next Challenge rules:
Each challenger has the option of taking part as a team in the competition in addition to or instead of their participation as an individual investor. Team members then form Clubs and compete as members of their Club.
The Club's official representative - referred to as "the President" - is by default the individual profile that has received a minimum of 4 positive answers to join its club.
A club joins the competition only when it reaches a total of 5 members, including the President.
It is no longer possible to recruit new members once the number of 7 members has been reached.
A member may quit a club at any time : but if the club drops under 5 members the club has 7 days to recruit new members otherwise the club is automatically excluded from the competition.
An individual profile can only be a member of a single Club and cannot allocate funds to its own Club.
Find out more about the Terms and Conditions of Next Challenge 2023-2024
Club compostion
● 5 members minimum / 7 members maximum
● Each Club starts with a virtual allocation of €200,000
● Decides its investment strategy collectively, : decisions being taken by majority
● Orders must be execute by validation by only the President.
● Only the president can delete an order that has been voted within the time limit of its non-execution.
Diversification Rules
The club is based on the prudential rule of 5/10/40 that applies to management companies:
● ""No more than 10% in any one security,
● And the sum of securities at more than 5% must not exceed 40%.
● This rule results in a minimum number of 16 securities in the portfolio"..
Selection criteria:
● Gross performance
● Risk-adjusted performance
● HHI (concentration index)
● Number of lines
● Number of sectors
● Diversification ratio
● UCITS Rules
● Use of information sources
● Quiz
● Collaborative teamwork in the Club’s private chat (action vs. reaction), ensuring an equitable distribution of tasks among members for all club activities
● Communication and marketing activities in the Club’s public chat (actions vs. reactions), with tasks fairly distributed among all members for each initiative
● Use of the Dashboard