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28 Feb 2008

Individual Outperforms Hedge Funds at Competition

Haochen Hu, a seasoned investor from Hong Kong, won this year's World TopInvestor competition with gains of almost 785% over 12 months.

He outperformed the world's leading hedge funds with gains of almost 785% over the competition period. The competition is a live, real money, capital markets trading competition lasting for a full year. The prize for the top investor is the management of a fund with an investment value of $250,000 sponsored by Saxo Bank, a global leader in online trading and investment services.

The winner of the 2007-08 competition was Haochen Hu, who led a strong field including Guo Hanqui with a net gain of 630%, Julian Szkirpan from the United States with 555% as well as Hungarian investors György Doleschall with a 315% gain and Tamás Czajner with 135%.

"Losing money is bad, but it is much worse when you don't know why you lost. I have traded online for eight years and you must study and be familiar with the product you want to invest in. My strategy was simple. I focused on currency trading and used the higher leverage when I felt the chance was there," commented Hu.

Next year's World TopInvestor Competition is open to all entrants willing to open an account with any Broker sponsor. Among this year's sponsors of the World TopInvestor competition were several leading online investment banks and brokers from all over the world including: Saxo Bank, Commodity Broking Services, BenchMark Finance, Cambiste, Finexo, Buda-Cash Brókerház, TMS Brokers, Banco Best, Poteza BPD, Dif Broker and RCG FX Trader.

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