BHS investors chalk up a 19% return
The Bermuda High School for Girls is top of the table in this year’s KPMG Investment Challenge.
The BHS team The Liabilities has a pot of $119,166, which reflects a 19.17 per cent return on its clutch of investments.
The nearest challenger, BFA from the Berkeley Institute, has a total of $113,545, a return of 13.55 per cent.
In third place is Saltus Grammar School’s Branson’s Billionaires with $109,124, a 9.12 per cent return on investment.
Sixteen of the 19 schools, from the public and private sectors, have made a profit at this stage of the six-month challenge.
The scheme, the brainchild of KPMG’s Craig Bridgewater and Steve Green, was set up in 2005 to encourage an interest in financial services and to promote youth development.
Teams are given a virtual $100,000 to invest over six months, with the winning team to be announced in May. The winners will collect a $10,000 prize for their school.
The runner-up team gets $6,000, while there is $4,000 for third place.