Dynamic trio wins stock market competition
Pictured (left to right) Redmayne Bentley compliance officer Lucy Greenbank, trainee compliance officer Rachel Scarf, Bradley Strickland, Harrison Bowyer, principal lecturer Paul Houghton and Professor George Lodorfos, Dean of Leeds Business School.
Jack Gallagher, Harry Bowyer and Brad Strickland, collectively known as ‘Dynamic Investments’, were the winners of the Student Investment Club, a collaborative venture that saw 22 teams of students across the university’s Leeds Business School invest £100,000 of virtual money in the stock market.
The competition involved around 90 people in total, who ‘traded’ by submitting buy and sell requests to Redmayne Bentley over a period of six weeks between October and December 2017. Dynamic Investments made a total profit of £7,166.09.
Paul Houghton, Principal Lecturer at Leeds Beckett, said: “Both for those students who are interested in pursuing a career in investment, or even for those who anticipate increasing salary levels in the future and the creation of more disposable income, the investment club provides beneficial experience.
“Comments from students who did participate acknowledge this benefit and clearly show that they value this opportunity. Thanks to Redmayne Bentley, who has managed the initiative over a number of years.”
Redmayne Bentley’s Compliance Officer Lucy Greenbank, herself a former Leeds Beckett student, said: “This gave people an introduction to stocks and shares.
“Those taking part invested in quite a variety of companies. Some of them focused on companies within the FTSE 100, while others looked at companies with trading announcements and news due to come out, and used those to make decisions on their investments.”
Investment Manager Phillip Wong and Trainee Compliance Officer Rachel Scarf, who graduated from Leeds Beckett last year, gave an initial lecture explaining the rules of the game.