Is this a normal practice within a fund house?

I just joined a hedge fund and we have this investment challenge game within our team. The game is to play a virtual investment game with hypothetical money. But the payoff, which is determined by our over/under-performance against a particular index (say MSCI APAC ex Japan), instead of the actual returns of our holdings, is real. So for example if my virtual holdings for the month returned 5% while the index returned 3%, I would receive 2% x USD 100 = USD 200 from my boss. I am just wondering if this is a normal or legitimate practice within a fund house. My boss said he got the idea from a retired Goldman Sachs fund manager who used to do this with his team. Thank you.

 

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