Four students from the Judd School in Tonbridge have beaten more than 40,000 students across the UK to be crowned 2017 Student Investor Champions.
The “Underdogs Judd”, consisting of sixth formers Hamza Assan, Sam Brown, Stephen Libetter and Ollie Baker triumphed in a tense final against seven other teams, where they outperformed the market in several live trading simulations, before delivering a compelling presentation on currency exchange to a panel of business experts.
The team have won an all-expense paid trip to New York City, where they will visit the New York Stock Exchange, Wall Street and other world-renowned sites, as well as securing £2,000 for their school and £200 each for themselves.
In a highly-competitive final round, the Judd School narrowly beat teams from Congleton High School and Ashmole Academy, who finished in second and third places respectively.
The Student Investor Challenge is the UK’s premier investment competition for schools and colleges. Each year more than 10,000 teams take part, competing over a three month period. To reach the final, the “Underdogs Judd” team not only had to actively manage two virtual £100,000 stock portfolios, but also had to successfully predict the rise and fall in value of certain asset classes.
The 2017 competition was the most competitive yet, with over 1,000 teams outperforming the market, securing some £2bn in virtual profits.
Mr Michael Rowlands, Head of Economics and Politics at the Judd School, said:
“The whole school is incredibly proud of the achievement of the Underdogs. I have been consistently impressed by the team work and resilience of the group. They have had their set-backs. A few investments in the early days of trading did not go their way, but they just kept going. This is the culmination of three months of hard work. I am so pleased for them. Myself and the team have found the whole Student Investor Challenge incredibly interesting and rewarding. I would recommend the completion to any aspiring investor.”
Alison Pask, Managing Director, Financial Capability & Community Outreach, at The London Institute of Banking & Finance, said:
“In the 20 years the Student Investor Challenge has been running, never before have the markets seen such turmoil, which makes the achievements of all our finalists highly impressive. To a team, they have demonstrated an impressive array of skills from teamwork and decision-making to communication and problem solving. Skills which will serve them well throughout their lives.
“While the final was exceptionally close, the team from the Judd School were worthy winners. Not only did they demonstrate their impressive knowledge of how financial markets respond to geopolitical events, they also worked together to develop their highly successful response and wow a panel of experts.”
For more information on The London Institute of Banking & Finance’s financial capability programmes, please visit: www.studentinvestor.org/