Tinkoff-Saxo’s Alberto Contador wins Giro d’Italia (Tour of Italy)
In a joint statement, Kim Fournais and Lars Seier Christensen, co-CEOs and co-founders of Saxo Bank, said:
“On behalf of our employees around the world, we want to congratulate Alberto on his victory and remarkable comeback. It is said that a double Grand Tour victory is extremely difficult but after winning the Giro, we know Alberto is up for the challenge to also win the Tour de France. We really like to succeed at Saxo Bank and Alberto and his fellow riders remain a huge inspiration and motivation not only for Saxo but also the many talented young riders in Denmark, Italy, Spain, and around the world. That is why we remain a proud sponsor of Tinkoff-Saxo.”
Alberto Contador ruthlessly pulled away from the field to tighten his grip on the pink jersey in the early stages of the Giro d’Italia and finished with a time of 88 hours, 22 minutes and 25 seconds, one minute and 53 seconds ahead of his closest rival, Fabio Aru of Astana.
In an effort to strengthen the collaboration between the team and the bank, Saxo launched a social trading initiative “Trade Like A Pro” on TradingFloor.com in March.
“Trade Like A Pro” is a competition involving Peter Sagan, Ivan Basso, Matti Breschel and the rest of the Tinkoff-Saxo team in an effort to raise money for charity. Alberto Contador is also taking part and has applied a conservative approach to investing. Contador’s investments mirror his style of riding as he maintains a calm focus on long term performance and continues to hold a mixed portfolio of single-stocks and Exchange Traded Funds (ETF’s).
While Contador has been busy conquering the Italian mountains and the hearts of cycling fans everywhere, his portfolio has not given him sleepless nights. His trading performance throughout the Giro has been fairly stable with five out of his six positions currently open being profitable, not least Alibaba (BABA) and Jyske Bank (JYSK). During the Giro, a new position has been bought giving exposure to the global energy sector (IXC). The iShares S&P Global Energy Sector Index fund is currently showing a small loss which can be explained by the adverse impact that the renewed strength of the dollar has had on crude oil and the major global energy companies during this time.
Those registered on TradingFloor.com can follow the competition as it unfolds, seeing what trades the team makes, interact with them, discuss trading ideas, and possibly copy their strategies. Due to the popularity of the “Trade Like A Pro” competition, and the Tinkoff-Saxo team’s proven aptitude for trading, Saxo Bank has decided to extend the initiative for the rest of the cycling season.
Alberto Contador’s profile on “Trade Like A Pro”:
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit http://www.home.saxo.