Majedie Asset Management (“Majedie”), the specialist active equity investor, today announced that a team comprising female students from Imperial College London and the University of Bath has won its second Next Generation Investor competition.
The annual competition gives female undergraduates the opportunity to test their investment skills and learn about asset management as a career over a six-month period under the specialist mentoring of Majedie’s fund management team.
The winning team was The Earthlings, comprising Violaine Stevenin (Imperial College), Therese Peters (Imperial College) and Jamie Sommer (Bath University). During the competition, which ran from January to 30 June 2021, the Earthlings managed to grow their portfolio by 7.93%, compared to the MSCI All Country World Index which grew 10.08%.
Two other teams from London School of Economics and Queen Mary University London were also selected to compete in the competition.
Each team was given a notional £25,000 to invest in listed global equities to trade as they wished until 30 June. Majedie provided in-depth training on stock selection, portfolio construction, financial modelling, ESG integration, with close mentoring by its fund management team throughout the period.
All profits are being donated to charities chosen by the participating teams. Majedie is donating the winning teams’ profit of £1,983 to ClientEarth along with an additional £5,000 donation, while the other two teams were awarded £1,000 and £500 to be donated to Charities Aid Foundation and UNICEF UK respectively. ClientEarth is an environmental charity with the unique approach of using the law to create powerful change that protects life on Earth.
Majedie launched this annual competition in 2019 to address the industry-wide challenge of encouraging female undergraduates to view the asset management industry as a natural and attractive career choice.
Rhiannon Collis, Board Director and Head of Clients at Majedie (pictured), said:
“We are incredibly proud of the young women who have taken part in our Next Generation Investor competitions and are encouraged that a number of them have already gone on to pursue careers in financial services. The teams have benefitted from some early hands on experience in stock selection and portfolio management during a time of extreme economic and societal instability. It has been a real pleasure for our team to mentor them and we will enjoy following their career progression.”
