BHS team jumps ahead in investment challenge
A team from Bermuda High School has risen to the top of the rankings in the KPMG Investment Challenge.
The Profit-eroles had grown their imaginary portfolio of $100,000 to $113,145 by the end of February: an impressive achievement in light of the stock market plunge late in the month as investors were spooked by fears over the economic impact of the coronavirus outbreak.
The Profit-eroles overtook the Warwick Academy team, The Wolf of Front St, which fell to second place with $106,216, having led the rankings a month earlier.
Only about $6 separated third-placed Mount Saint Agnes team, MSA-Slingshots ($101,644) from fourth-placed BHS team, The Amazon Warriors ($101,638).
Birdbrains, from Saltus, were close behind in fifth place with $101,514, and Stockalicious of the Bermuda Institute in sixth with $101,158.
Two CedarBridge Academy teams, The StockBusters ($98,063) and Money-Makers21 ($97,863) followed in seventh and eighth.
The teams competing in the KPMG Investment Challenge are pitted against other senior schools to see who invest and seek to grow their portfolio the most during a six-month period concluding at the end of April.
The top three finishers win cash prizes for their school, to be used for educational initiatives.