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WallStreet Saints back on top of KPMG investment challenge

Leading the pack: Mount Saint Agnes in Hamilton has dominated the KPMG 19th Annual Senior School Investment Challenge for most of the challenge’s investment year (Photograph by Jessie Moniz Hardy)

The MSA Wallstreet Saints team is back in the lead in the KPMG 19th Annual Senior School Investment Challenge, after being ousted in the previous round.

It is the fourth time the team has held the position.

The team has made virtual profit of $36,473.16 and 20 mock trades since the competition began in November.

By the end of February, CedarBridge’s OreoCookies led, but they have now slipped into second place with 26 mock trades and a virtual profit of $32,192.58.

The Somersfield Profit_Pioneers entered the upper tier for the first time during the competition by trading to a third place standing with a profit of $27,192.58 on 18 trades.

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

The Berkeley Institute’s The Capitalist team made the most trades, 87, and are in fifth place, having made a profit of $24,388.36.

Under the terms of the investment club-like initiative, each school is permitted to enter teams, each of which is credited $100,000 in virtual funds to make mock trades 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 for real.

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 generates interest in investment and the capital markets and opens students to the prospect of various related professions.

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Published April 04, 2024 at 7:59 am (Updated April 04, 2024 at 7:28 am)

WallStreet Saints back on top of KPMG investment challenge

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