Four students from Dean Close School have overcome challenging market conditions to become the latest monthly winners of the 2017 Student Investor Challenge.
Ilya Mordvintsev, Timur Kolpakov, Arman Tatarian and Gavin Lee triumphed throughout January in the national competition, run by The London Institute of Banking & Finance, growing their virtual £100,000 portfolio by more than £5,000.
The team has secured a shared 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.
Mr Z Suckle, from Dean Close School, said:
“This Y9-Y10 team, “The Brook Courters”, made up of some of our youngest challengers, shot up out of the blue early on, and commanded an intimidating lead that none of our older teams (including our seasoned staff teams) could match. Led by Ilya Mordvintsev (Y9), they developed and managed a high-risk, high-reward strategy, holding their nerve in a turbulent market that seemed to defy prediction. We couldn’t be happier for their success and eagerly await what they might bring to the next rounds of this engaging competition.”
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 Dean Close School’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.”
For more information on the Student Investor Challenge, please visit: www.studentinvestor.org