Engineering student wins investment prize
14 February 2008
Alex Edge, an undergraduate in the Department of Electrical and Electronic Engineering, has won the monthly ifs Uni Investor Challenge Prize for the impressive performance of his investment portfolio.
Students from around 100 higher education institutions across the UK participate in the Challenge, which gives students a practical insight into stock markets, savings and investments by providing real-life skills in a risk-free but competitive setting. The Challenge is split into two categories – undergraduate and postgraduate – and involves investing a ‘fantasy’ £100,000 in the stock market over a three-month period. The overall winner for the year collects £9,000 (undergraduate league) and £3,000 (postgraduate); in the meantime there are monthly prizes of £150 for the best performing portfolio.
Alex Edge had the best performing portfolio in the undergraduate league in January and picks up a cheque for £150 as a result. Alex made big gains from investing in Northern Rock when it was at rock bottom and from dividend payments from BP shares. He increased the value of his investments from £100,000 to more than £142,000.