LSBU Postgraduate student takes first prize in Bloomberg’s annual Investment Challenge
Postgraduate studying International Finance at London South Bank University takes first prize in Bloomberg’s prestigious annual Investment ChallengeA postgraduate student studying for an MSc in International Finance at London South Bank University (LSBU) has beaten off stiff competition to take first prize in Bloomberg’s prestigious annual Investment Challenge (BIC) competition.
Harishangaran Krishnamoorty, who won first prize, is one of two LSBU students to reach the final round of this year’s BIC competition, out of a team of six who entered. A second student, Taoulant Bekolari, gained an impressive fourth place. Both students were competing against a sizeable group of 140 UK-based traders.
LSBU achieved first place overall in the competition, with a stunning projected £22,810,985 profit realised by the students’ joint investments plan.
The BIC is a national investment competition in which UK students traditionally contribute their investment ideas over the course of six weeks and experience what it is like to be a real trader in a competitive environment. Before entering, the teams are required to pre-select the stocks they want to trade in and to submit their investment ideas for assessment into the Bloomberg Professional Services trade ideas network.
Students taking part made use of the specialist Bloomberg terminals available to help them conduct their research at LSBU’s London Road laboratory. These terminals are available to all Economics undergraduate and postgraduate students during the course of their study.
During the competition all analytical tools, research, data and reports were made available to the students through these terminals. By giving students the opportunity to conduct industry and company research using the same tools as a professional analyst or trader in the market, the competition offers a real-life learning experience preparing them for a career in finance.
Professor Mike Molan, former Dean of LBSU Business School said: “LSBU’s Division of Finance and Accountancy congratulates both Harishangaran and Taoulant on their not inconsiderable achievement in this year’s Bloomberg Investment Competition.
“The Division of Accountancy and Finance is also grateful to them for their hard work throughout and for carrying themselves as successful ambassadors for the University’s School of Business.”
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