Majedie Asset Management 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 £25,000 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 £5,000 donation to be made to their chosen UK registered charity.
It 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.
The competition will run from 23 January to 30 June 2020 and the winning team will be announced shortly thereafter.
This initiative forms part of Majedie's broader Diversity & Inclusion efforts, which include supporting the Diversity Project, a cross-company initiative which was established in 2016 to champion a more inclusive culture within the Savings and Investment profession, and the Diversity Project Charity, a grant giving organisation supporting charities with social mobility, diversity and inclusivity aims.