Four students from Hills Road Sixth Form College in Cambridge have overcome challenging market conditions to become the first monthly winners of the 2017 Student Investor Challenge
Waqas Haque (16), Joe Hicks (17), Rahul Jhawar (16) and Orlando Hodgson (17), triumphed throughout October in the national competition, run by The London Institute of Banking & Finance, growing their virtual £100,000 portfolio by nearly £15,000.
The team has secured an opening prize of £100 and now stand a good chance of making the semi-final stage, where teams are challenged to predict the rise and fall of stocks, with the best eight performing teams then competing for a chance to win a trip to New York City.
The Student Investor Challenge
is the largest competition of its kind for schools and colleges in the UK. Each year, more than 40,000 students take part, where they are challenged to research and anticipate market movements, by investing virtual money in FTSE organisations and through other asset classes.
Michael Foster, the Economics Teacher at Hills Road said:
“All the teams from the college have really enjoyed learning about the ups and downs of the stock markets during the first weeks of trading and are hoping to develop their strategies to emulate the success of the team in the weeks to come.”
Alison Pask, Managing Director, Financial Capability & Community Outreach at The London Institute of Banking & Finance, said:
“As we have seen recently, financial markets are continuing to undergo a period of prolonged volatility, making the team from Hills Road’s performance even more impressive in growing their investments. They will need to continue to build upon this good work and develop the skills they have so admirably demonstrated already even further to reach the semi final stage. We wish them and indeed every team taking part, good luck in doing so.”