KPMG Senior School Investment Challenge Held
On Thursday, April 30, KPMG held another edition of the Senior School Investment Challenge, which saw Bermuda Institute awarded the top prize of $10,000, with the second and third placed schools being awarded $6,000 [Berkeley Institute] and $4,000 [Warwick Academy] respectively for use by their schools.
Launched in 2005 as part of KPMG’s ongoing commitment to education and youth development, the Investment Challenge involves teams of students managing a virtual portfolio of $100,000 and investing it in the stock market over a six-month period starting from October 2014.
For the first time this year, student were able to utilise the StockTrack portfolio management system to make their trades, giving teams the opportunity to buy and sell their stocks in real time with full control of their investment portfolios through an interactive online investment programme.
KPMG staff volunteer their time as mentors, advising and assisting the students.
This year, 20 teams from eight schools comprising over 80 students participated. The awards, presented by Minister of Education Wayne Scott, saw first ranking go to Bermuda Institute Tradewinds, including Trey Simons, Azzi Mayes, Daijah Stowe, Ashe Trimm, and Alexis Courtney Selvy.
The second ranked team was Bermuda Institute Investables, including Tariq Basden, Jeremiah Fubler, Ginae Hypolite, Cassie Simmons, and Natisha Simmons, while third ranking went to Berkeley Institute’s The Walking Stocks, including Jordan Payne, Kenzo Iris, Latisha Francis, and Cheyne Smith.
However, different to past years, if more than one team from a single school places in the top three, the prize money goes to the school that has the next highest investment portfolio.
Therefore, the top prizes were awarded to Bermuda Institute, Berkeley Institute, and Warwick Academy’s “The Wolves of Warwick,” which included Ferdinand Arnold, Chanah Bremar, Peter Dill, Lennae Edwards, Alyssa Hayward, Mammen Joseph, and Llineiko Millett.
Steve Woodward, Managing Director of KPMG, said “The Investment Challenge has returned excellent value yet again resulting in a 21.95% return for the 1st place winning team, both in the virtual portfolios and in the benefits accruing to the students and their schools.”
