A team of four Sixth Form traders have won the chance to compete for an all-expenses paid trip to New York after making it through to the National Final of the 2015 Student Investor Challenge (SIC).
The SIC is run by ifs University College, the University College for financial education, and provides teams of up to four students, aged between 14-19, with a virtual £100,000 to trade shares, stocks, futures and assets providing the opportunity to experience the dynamic world of share dealing.
The Dean Close team, consisting of Eliot Tottman, David Gibbons, Alex Neale and Ryan Hazell, started their virtual share dealing in October. To reach the final, they have beaten more than 30,000 other students and outperformed the FTSE 100 share index in growing their portfolios from a virtual £100,000.
The boys will now attend the National Final in London, where they will compete in a live trading simulation and deliver an interactive business presentation to an expert panel of judges. The winners will secure an educational trip to take in the sights and sounds of Manhattan.
This year’s challenge attracted more than 10,000 teams in 2015 and the Dean Close boys have found themselves in the last eight.
Director of Studies, Mark Tottman, said: “From the outset of this task, the boys devised a strategy based on measured and calculated risk-taking, which they have applied consistently over the last six months. They have worked tightly as a team to build a strong resilience and competitive attitude, knowing they were up against some of the best schools in the country. We are extremely proud of them.”
Alison Pask, Vice Principal at ifs University College said: “This year’s contest has been one of the most keenly-fought yet, with very little to choose from among the top trading-teams. To reach this stage, the team from Dean Close School have done exceedingly well.
“The Student Investor Challenge is designed to spark an interest among teenagers in learning about finance and helps to develop a broader range of skills, such as team-working, researching, communication and analysing current events. Regardless of which team eventually triumphs, all have enjoyed a memorable and worthwhile experience.”