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CedarBridge rises to victory in KPMG investment challenge

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Winners CedarBridge Academy’s OreoCookies team: Dekada Gilbert, left, Chelsea Minors, Azzi Wolffe and Emmico Hayward-Deshields (Photograph supplied)

A CedarBridge Academy team has won the final round of the KPMG Senior School Investment Challenge.

The school’s OreoCookie’s team was at the top of the charts after 32 trades netted them a virtual profit of $34,014.47.

For several months, Mount Saint Agnes’s WallStreet Saints dominated the mock investment competition. The OreoCookies came to prominence in March and rolled on to victory this month.

Meanwhile, the WallStreet Saints were second with a virtual profit of $29,954.68 through 27 trades.

Second-placed team WallStreet Saints: In back, William Adams, left and Callum Adams, with Josiah Tannock, left, Alex Malo and Skye Ferguson in front (Photograph supplied)

A spokesman for the team said their strategy, once they reached the top echelons, was to ride mostly on trades they made early in the game.

In the final ranking, Somersfield Academy’s Profit_Pioneers team were third with $24,712.33 of profit through 19 trades.

Third-placed Somersfield Profit_Pioneers, Ben Binetti, left, Daniel Mildenhall, Noah Astwood, Kennedy Kowalski, and Emma DeCouto (Photograph supplied)

Chatmore Chartered School’s CS Wealth Warriors made the most trades (90), made a profit of $15,503.90, but came fifteenth in the competition.

CedarBridge Academy’s Stellar Investment’s team came ninth, with the fewest trades (17) and a profit of $15,697.31.

KPMG in Bermuda launched the Senior School Investment Challenge in 2005 as part of the firm’s ongoing commitment to education and youth development.

Under the terms of the investment club-like initiative, senior schools are permitted to enter teams, each of which is given $100,000 in virtual funds to mock trade over six months.

The teams are ranked in terms of how well their investments would have fared, had they actually been in the stock market.

At the end of the programme, real cash prizes are awarded to the first, second and third-placed teams. These funds can be used by the schools for a variety of educational initiatives.

A total of 21 teams from eight senior schools are involved. KPMG said the challenge generated interest in investment and the capital markets and opened students to the various related professions.

The prize giving will be held on Wednesday.

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Published May 03, 2024 at 7:59 am (Updated May 03, 2024 at 7:29 am)

CedarBridge rises to victory in KPMG investment challenge

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