A group of enterprising students from The University of Law in Manchester have been recognised by the region’s leading financiers after making a record virtual profit of nearly £17,000 in a share race challenge.
Over six months, 30 students, divided into five teams, invested £100,000 of virtual cash per team into FTSE 100 companies on a dummy trading platform.
Members of the winning team ‘Delta’ - Maddie Silverman, Soibilate Iketubosin, Andris D’Adamo, Matthew Redfern, Martin Dresler and Conor Slowey - were rewarded for boosting their investment pot by almost 17 per cent by carefully choosing a combination of shares they felt would give them the greatest short term gains.Members of the winning ‘Share Race’ team (left to right): Matthew Redfern, Andris D’Adamo, Martin Dresler, Maddie Silverman, Soibilate Iketubosin and Conor Slowey.An investment discipline award was also presented to a second team, named ‘Theta’, for their professional presentation and reporting procedures. The team members were Amy Jones, Chris Ledwich, Adam Golden, Muzna Nadim, Hina Pervaiz and Jayne Davies. Members of ‘Theta’ – winners of the ‘Best Investment Discipline Award’ (left to right): Amy Jones, Jayne Davies, Hina Pervaiz, Adam Golden, Muzna Nadim and Chris Ledwich.
An outstanding achievement award was presented to Chris Ledwich for the most professional competitor. The winners will be rewarded with a day out at Chester Races and exclusive places on national law firm DWF’s Share Race vacation placement scheme.
Launched in 2011 by The University of Law Manchester, DWF, Cheshire-based Xentum Wealth Management and investment management company Quilter, the share race aims to give students a realistic insight into the financial markets and the factors which influence share values and investment decisions.
Senior Lecturer, Kate Baldwin, from The University of Law said: “The share race encourages students to be commercially minded, a skill which will equip them well in the workplace. Amanda Hedayati, also a Senior Lecturer, added: “We’ve been so impressed by the student’s performance and development we’re currently rolling out the share race as an employability module in our new and innovative, professionally-focused undergraduate law degree.”
Yvette Howard, Senior Solicitor in the Private Client team at DWF said “The insights gained into the workings of financial markets and the understanding of how the current economic environment is affecting businesses and UK PLC will be a significant asset to the students and to their future employers when they commence their legal careers. The students’ enthusiastic approach to the share race, given the unfamiliar subject area, really has been exceptional.”
Adam Carolan, Private Client Manager at Xentum, said: “Many of the students have really gained an interest in the way companies and stock markets work. The professionalism shown has been impressive and I hope this experience helps them in their quest to become budding lawyers.”
Quilter Investment Manager, Richard Sneideris, said: “I have been impressed with the attitude adopted by the students who have shown a desire to learn not only about trading shares, but also what can drive share prices including the overall conditions that can affect particular sectors of the market. The students now have a much better understanding of the potential risks and rewards of equity investment in the wider context, which we hope will be beneficial for them in the future both personally and professionally.”
Further information:Lucy Wray, Public Relations Manager, The University of Law on 01483 216072 (firstname.lastname@example.org)