Minister for Health, Environment,
Youth, Sports and Culture Mark Scotland, and guest speaker, managing director
of Admiral Administration Ltd. Canover Watson joined the student teams to
present the US$3,000 prize to the winning team at the award presentation held on
5 May at John Gray High School.
The victory caps six months of
exciting competition between more than 75 year 10 to 12 high school students
from Cayman Prep and High School, John Gray High School and St. Ignatius High
The objective of the programme
was to help teams of students gain hands-on investment experience, and challenge
them through the competition as they chose, analyzed and hypothetically traded
stocks in accordance with real-time stock market information.
At the close of the competition
St. Ignatius Five Star had succeeded in making a total gain of $14, 637 – with
an overall rate of return of 14.6%.
“It is incredibly rewarding to see how far our
students have come and know that they have taken away from this experience invaluable
insight to the world of investing – insight that ordinarily they would not gain
until embarking in the workforce,” said CEO of Saxon Brian Williams.
“While we would especially
like to acknowledge the huge success of St. Ignatius Five Star for their
victory, we would like to celebrate all of our students – they all championed a
sound understanding of the investment world.”
Throughout the duration of the
competition, each group’s portfolio was reported on in the local media and
monthly performance prizes were awarded. The students also had the opportunity
to visit a selection of radio stations and Cayman 27 to discuss their
experiences and share their knowledge.
Saxon Administration Ltd. (Saxon),
client services agent for Silver Thatch Pensions, is a pension services
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