Majedie Asset Management launches ‘Next Generation Investor’ competition
Majedie Asset Management (Majedie), a specialist active equity investor, has revealed the four teams which will be competing to win the title of ‘Next Generation Investor 2020’.
This investment competition is aimed at female undergraduates to encourage them to consider asset management as an attractive career choice. Each team has been given a notional GBP25,000 to invest in listed equities and can trade as they wish until 30 June.
Majedie will provide the competing teams with in-depth training on stock selection, portfolio construction, financial modelling, ESG integration and mentoring by its award-winning fund managers throughout the period. The notional profits earned during the competition by each team will be matched in real money by Majedie and donated to the respective UK registered charity of their choice. The team with the best investment performance over the period will also receive an additional GBP5,000 donation to be made to their chosen UK registered charity.
Majedie devised this university outreach programme as a way to address the industry-wide challenge of raising awareness and encouraging undergraduate women to see the investment world as an entirely natural career habitat for them. Competition details were submitted to 68 universities in early October.
Rhiannon Collis, Majedie’s Head of Clients, says: “We have had a strong response from students for this, our first competition, proving that there is a real demand among women to learn about the financial sector. We are committed to playing our part to encourage and nurture this interest, lowering barriers to raise the industry bar. We wish the four teams all the best in the competition and hope they enjoy what will be a fascinating and challenging six months for them.”