Berkeley teams excel in investment challenge
The Berkeley Institute has dominated the early weeks of the KPMG Investment Challenge.
The competition, contested by 17 teams from seven schools across the island, involves students being given a virtual $100,000 portfolio to manage.
The six-month challenge began at the start of November and the first standings show all three Berkeley teams in the top four most successful teams.
As of December 8, Twin Tech Bulls were the clear leaders with an impressive return of 6.14 per cent over the opening weeks, leaving their portfolio valued at $106,143.
Fellow Berkeley team Gucci Gang were second in the standings with a 3.14 per cent return, while Warwick Wolfpack, from Warwick Academy, were third with a 1.68 per cent gain.
The third Berkeley team in the competition, Knock Ya Stocks Off, was hard on their heels with a 1.61 per cent return, just 0.01 per cent clear of MSADragons, from Mount Saint Agnes Academy.
The Royal Gazette will be charting the progress of the young virtual investors over the coming weeks as they vie for cash prizes for their schools.
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