Warwick team maintain lead in challenge


Warwick Academy team StockClimbers are living up to their name by maintaining a commanding lead in the KPMG Senior School Investment Challenge.

By the end of March, the team had turned their original virtual investment of $100,000 into $115,255.50 — representing a return of more than 15 per cent over the last five months.

The impressive performance has given the StockClimbers a lead of more than $7,000 over their closest challengers with just a few weeks remaining in the six-month challenge.

Moving up a place into second spot was Bermuda High School team SHE, who managed to grow their portfolio by $2,560 during the month to end with a portfolio value of $108,194.61.

Also moving up one spot into third was the Berkeley Institute team Pharma 6 Market, who gained more than $2,460 during the month to close on $107,766.32 and stay hard on the heels of SHE.

The Saltus team Mint Miltons was one of the month’s star performers. During March, their portfolio value increased by $3,887 or 3.8 per cent. That was a market-trouncing performance when one considers that over the same period, the S&P 500 Index posted a 1.79 per cent gain.

The gains were enough for Mint Miltons to jump from ninth to fourth in the standings, with a total of $106,298.51.

The Berkeley Institute team Stack or Starve maintained their fifth place in the standings, gaining more than $1,000 during the month to close with a value of $106,080.93. It means that Berkeley is the only school with two teams in the top five.

Neritic, a Mount Saint Agnes team, also kept their hold on sixth position.

There are 20 school teams competing in the challenge, and each has been given an imaginary $100,000 to invest in the stock market over a six-month period. At the end of the contest, the top-three teams will win cash prizes for their school, to be used for educational initiatives.

Other schools participating in this year’s challenge include CedarBridge Academy, Bermuda Institute and Impact Mentoring.

• For more information on the KPMG Investment Challenge, visit https://goo.gl/u4SotK

You must be registered or signed-in to post comment or to vote.

Published Apr 11, 2019 at 8:00 am (Updated Apr 11, 2019 at 12:01 am)

Warwick team maintain lead in challenge

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "What is the most significant reason for Bermuda residents choosing to leave the island?"
    • Too small
    • 3%
    • Different way of life
    • 4%
    • Cost of living
    • 77%
    • Gang activity and general crime
    • 3%
    • Jobs/professional advancement
    • 8%
    • Education
    • 2%
    • Attitudes towards gays
    • 3%
    • Total Votes: 5235
    • Poll Archive

    Today's Obituaries

    eMoo Posts