KPMG Investment Challenge drives to exciting conclusion
There have been major moves in the 17th Annual Senior School KPMG Investment Challenge.
The BHS team, Business of Babylon, has begun to put the squeeze on the leaders, the Bermuda Institute team of DollaBillz2024.
There also appears to be some clear separation at the top, as the two leaders appear to be breaking away from the pack, except maybe for the Saltus third-place team SaltusGroup2, at more than $2,500 adrift of second place.
Business of Babylon has climbed back into it, after wiping more than $500 off the lead held by the Bermuda Institute team lead, trailing them now by a little more than $200.
The leaders, DollaBillz2024, have remained consistent, maintaining the second-place position in November and December and coolly taking over the top spot last month.
The surprise is the falling away of the Warwick Academy team, The Money Launderers, who started off strongly at the top of the charts for November and December, but fell to seventh place in January, and to ninth place by February.
The KPMG Investment Challenge is winding down to April, after 21 teams from ten schools were each given a virtual portfolio of $100,000.
The objective for the students is to research companies and their stocks and understand how the activities of the company affect the price of their stocks.
The objectives of the programme include promoting investment for the future and developing an awareness of the capital markets.
Students also see career opportunities in the markets and have more exposure to International business and the impact on global and local stock markets.