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
Dock workers protest in Hamilton
Prosecutors demand jail time for thief
Sex offender in custody for breaching order
Tucker civil case in hands of judge
Education ministry backs men march
Staff accused of abuse at US schools
Corrupt police officer jailed for 2˝ years
Health insurance reform to go ahead
Panel: realise reforms or face tough future
Man’s US hospital costs could hit $300,000
Rose’s open home, open heart
Take Our Poll
- What sport do you most prefer to read about in the RG?
- Boxing/Martial Arts
- Rugby Union
- Total Votes: 3826
- Poll Archive