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Saints march on in KPMG Investment Challenge

MSA’s Saintly Investments team has their work cut out for them after falling further back from their fellow MSA team, Wallstreet Saints, in the KPMG Senior School Investment Challenge. Pictured are Davis Barnes, left, Ryan Parkin, Jacinto Saints, Marcus Duarte, Donaldo Laurenceo, Aidan Hassell and Teren Phillips (Photograph supplied)

A Mount Saint Agnes team is maintaining its lead in KPMG’s Senior School Investment Challenge, although it is becoming more competitive at the top.

In the second month of the challenge, the Wallstreet Saints continue to lead the rankings, while the school’s second team, Saintly Investments, fell from second to fourth place.

In the 19 days since the first results were released, the Wallstreet Saints have made no new trades, but their mock investment portfolio has risen $4,330.27 in virtual gains to $115,383.

CedarBridge Academy’s Money Mavericks are now in second place with a virtual portfolio of $113,502, having made 11 trades. Warwick Academy’s Flirting with Models is third with $111,942 after 15 trades.

In KPMG’s annual competition, student-teams are “using” a virtual $100,000 to “invest” as if they were participating in the real stock market.

The teams are ranked by how much they would gain in their investments, if their trades were real.

The latest results were released early this month ahead of the school holiday. Schools from across the island are competing until May in a challenge that pays out real money to the winning schools.

KPMG in Bermuda launched the annual Senior School Investment Challenge in 2005 as part of the firm’s ongoing commitment to education and youth development.

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Published December 21, 2023 at 7:58 am (Updated December 21, 2023 at 7:58 am)

Saints march on in KPMG Investment Challenge

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