Select a region
A team of five students from Victoria College has won the inaugural academic Stock Market challenge with a 200% return on their initial funds.
Harry Cadby, Finn Laing, Pierre Sangan, Nathan Corrigan and Joel Lewis were competing under the name 'hurryKeynes,' after the prominent 20th century economist John Maynard Keynes.
20 teams of finance, business and economics students from six schools from across Jersey took part in the challenge at the Hotel de France on 9 November and battled through a volatile trading simulation.
The game simulates the performance of stocks on a live, daily basis. Each of the five members in a team is assigned a role from finance manager (team leader), to investment analyst, news analyst, floor trader (buyer) and floor trader (seller). The objective is to maximise the value of the team’s portfolio by buying and selling shares in fictional companies and trading foreign exchange. Whichever team has the portfolio with the largest value at the end of the ‘week’ is declared stock market champions.
Five days of trading were squeezed into a morning as the students tested themselves with a portfolio of stocks and currency while exchanging shares in the trading pit staffed by Ashburton employees.
Highlands College “UGC1” took an early lead before being replaced by the “Grainville Investment Management Corporation” at the midway stage of the trading week. Their loss on the final day of trading was hurryKeynes gain as team members triumphed with a very healthy 200% return on their initial funds.
The Stock Market Challenge, hosted by Ashburton Investments, debuted in 2016 in bid to show Channel Islands finance companies how markets react to shock events and the importance of capital preservation. This year, the event was rolled out to local schools and colleges for the first time. A team from Intertrust won the companies award after beating 24 teams from Jersey and Guernsey.
Pictured, from left: Harry Cadby, Finn Laing, Pierre Sangan, Nathan Corrigan and Joel Lewis.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.