Four students have beaten 40,000 others to be crowned as the 2016 UK Student Investor Challenge champions.
The students, from Tiffin School in Kingston triumphed in a tense final against seven other teams and have won an all expenses-paid trip to New York, where they will travel during the summer holidays, and £2,000 for their school.
In the final, Year 13 students Lucas Tishler, Aditya Shrimanker, Michael Tallent and Arjun Popat impressed the judges with their knowledge and understanding of financial investing, overcoming a tough live-trading challenge in which they responded to market events, before delivering an outstanding presentation on top-down investing in the mining industry.
To reach the final, the team, called “Buymyeconomixtape”, performed exceptionally well in all three rounds of the competition, having successfully increased two virtual portfolios on the stock market over a three month period, before accurately predicting the rise and fall of stocks, shares and assets at the semi final stage.
BBC Business journalist and presenter Steph McGovern, who was one of the competition’s four judges, said:
“It is an incredibly difficult skill to be able to decipher complex information and present it in an informative and accessible way and ‘Buymyeconomixtape’ did exceptionally well in doing this. The level of research and analysis they demonstrated was superb.
“I know from my own experience the importance of taking part in competitions like the Student Investor and I hope they use the skills and experience they have gained throughout their careers.”
Mr Geoffrey Thomas, Head of Economics at Tiffin School, said:
“This is an outstanding achievement for the team – their hard work, team spirit and commitment to the challenge have been exemplary. Winning the ifs Student Investor Challenge has been a fitting culmination to their school careers”
Alison Pask, Vice Principal Financial Capability & Community Outreach at ifs University College, said:
“Each year the level of competition in the Student Investor Challenge gets higher and higher and my congratulations go to Lucas, Aditya, Michael and Arjun. Not only did they have to win over a panel of financial experts with their presentations, they had to trade in a number of virtual assets and markets to be crowned as champions.
“That said, all of our finalists should count themselves winners; they have all performed remarkably well and shown an understanding of the complexity of investing. They have also gained important skills for their later careers – whatever that might be.”
The ifs Student Investor Challenge is the largest competition of its kind for schools in the UK and is run by financial education charity ifs University College. The competition is designed to not only improve students’ understanding of investing and finance, but also to improve key employability skills such as researching, teamwork and confidence.
For more information on the Student Investor Challenge and for details on next year’s competition, please visit the Student Investor Challenge website