Nobody, not even the paid defenders of hedge funds, contests the fact that some of them generate gargantuan profits for their owners and managers.
Mr. Chang, the former Foxconn factory manager, for example, won the first BattleFin hedge fund contest.
Meanwhile, in London, Nicholas Kirkwood was named the winner of the latest British Fashion Council/Vogue Fashion Fund contest.
Mr. Gurung was also a runner-up in the council's 2010 C.F.D.A./Vogue Fashion Fund contest, and he won the Swarovski Award for women's wear last year.
International proposals to study graphene and the human brain have won the biggest funding contest the European Union has ever hosted.
A year ago, Kiip ran a "Build Fund" contest for independent developers, offering $100,000 in prizes.
Talkdesk is based on Twilio technology, and was founded as part of the Twilio Fund contest last year.
The brand capitalised on its perceived working-class identity by funding contests between bike messagers in Portland and skateboarding exhibitions.
The reports released yesterday provide many examples of just how out of balance the fund-raising contest is.
Pepsi Refresh, the online fund-raising contest with a $20 million giveaway for charitable causes and nonprofit groups, is again receiving complaints that its results are being manipulated.
