Source: Kraken CEO, Jesse Powell (2016), Youtube

In November 2016 Kraken announced an investment challenge and asked 13 MBA programs the following:

You have $1M to invest across bitcoin and ether. You cannot touch your investment for the next 5 years. How much of that $1M do you invest in each? Why?

The teams had to do extensive analysis and submit their proposals on Youtube. I’ve decided to set the investment date on 17 November 2016 (the day of the challenge announcement) and calculate the portfolio for each university as of 24 September 2017. Who is in the lead? Let’s see: (If you don't want to read all the information scroll down for the current leader)

BYU Marriott School of Management (78% bitcoin / 22% ether)

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BTC: 1,046.6 BTC which are worth $3,927,785.3 today.
This is a profit of +$3,147,785.3 (+403.6%).

ETH: 21,912.4 ETH which are worth $6,167,888.4 today.
This is a profit of +$5,947,888.4 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $10.095.673

Creighton University, Heider College of Business (70% bitcoin / 30% ether)

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BTC: 939.3 BTC which are worth $3,524,935.5 today.
This is a profit of +$2,824,935.5 (+403.6%).

ETH: 29,880.5 ETH which are worth $8,410,757.0 today.
This is a profit of +$8,110,757.0 (+2,703.6%)

Total portfolio worth as of 24.09.2017: $11.935.692

FIA Business School (70% bitcoin / 30% ether)

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BTC: 939.3 BTC which are worth $3,524,935.5 today.
This is a profit of +$2,824,935.5 (+403.6%).

ETH: 29,880.5 ETH which are worth $8,410,757.0 today.
This is a profit of +$8,110,757.0 (+2,703.6%)

Total portfolio worth as of 24.09.2017: $11.935.692

Johns Hopkins Carey Business School (50% bitcoin / 50% ether)

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BTC: 670.9 BTC which are worth $2,517,811.1 today.
This is a profit of +$2,017,811.1 (+403.6%).

ETH: 49,800.8 ETH which are worth $14,017,928.3 today.
This is a profit of +$13,517,928.3 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $16.535.739

Middlebury Institute of International Studies (70% bitcoin / 30% ether)

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BTC: 939.3 BTC which are worth $3,524,935.5 today.
This is a profit of +$2,824,935.5 (+403.6%).

ETH: 29,880.5 ETH which are worth $8,410,757.0 today.
This is a profit of +$8,110,757.0 (+2,703.6%)

Total portfolio worth as of 24.09.2017: $11.935.692

Porto Business School (20% bitcoin / 80% ether)

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BTC: 268.4 BTC which are worth $1,007,124.4 today.
This is a profit of +$807,124.4 (+403.6%).

ETH: 79,681.3 ETH which are worth $22,428,685.3 today.
This is a profit of +$21,628,685.3 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $23.435.809

Rutgers Business School (20% bitcoin / 80% ether)

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BTC: 268.4 BTC which are worth $1,007,124.4 today.
This is a profit of +$807,124.4 (+403.6%).

ETH: 79,681.3 ETH which are worth $22,428,685.3 today.
This is a profit of +$21,628,685.3 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $23.435.809

Ryerson University, Ted Rogers School of Management (69% bitcoin / 31% ether)

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BTC: 925.9 BTC which are worth $3,474,579.3 today.
This is a profit of +$2,784,579.3 (+403.6%).

ETH: 30,876.5 ETH which are worth $8,691,115.5 today.
This is a profit of +$8,381,115.5 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $12.165.694

Tuck School of Business at Dartmouth (91% bitcoin / 9% ether)

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BTC: 1,221.1 BTC which are worth $4,582,416.2 today.
This is a profit of +$3,672,416.2 (+403.6%).

ETH: 8,964.1 ETH which are worth $2,523,227.1 today.
This is a profit of +$2,433,227.1 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $7.105.643

Tulane University, Freeman School of Business (67% bitcoin / 33% ether)

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BTC: 899.0 BTC which are worth $3,373,866.8 today.
This is a profit of +$2,703,866.8 (+403.6%).

ETH: 32,868.5 ETH which are worth $9,251,832.7 today.
This is a profit of +$8,921,832.7 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $12.625.698

University of North Texas (60% bitcoin / 40% ether)

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BTC: 805.1 BTC which are worth $3,021,373.3 today.
This is a profit of +$2,421,373.3 (+403.6%).

ETH: 39,840.6 ETH which are worth $11,214,342.6 today.
This is a profit of +$10,814,342.6 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $14.235.715

Worcester Polytechnic Institute, Robert A. Foisie School of Business (100% ether)

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ETH: 99,601.6 ETH which are worth $28,035,856.6 today.
This is a profit of +$27,035,856.6 (+2,703.6%).

Total portfolio worth as of 24.09.2017: $28,035,856.6

Ivey Business School at Western University (No investment recommendation)

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Total portfolio worth as of 24.09.2017: $1,000,000

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So the current leader is Worcester Polytechnic Institute, Robert A. Foisie School of Business. They've decided to invest 100% of the money in ETH which is worth $28,035,856.6 today. This is a profit of +$27,035,856.6 (+2,703.6%).

I will re-evaluate the data next year.

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References:
Kraken Investment Case Study