Carmel wins fourth place

Carmel wins fourth place in asset management contest in USA

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Jamshedpur : Carmel Junior College won the fourth prize at the finale of ‘Who Let the Stocks Out’ at the Wharton Business School, Pennsylvania, United States of America.

The asset management competition was organised by Knowledge@ Wharton High School and Aberdeen Asset Management that started in December and ended on April 30. The team from Carmel Junior College Prashaant Ranganathan, Smriti Prakash, Virat Singh from class X and Rohan Gupta and Sameer Nayak from class XII participated in the competition and visited the US for the finale.

Knowledge@Wharton High School is an online journal for students and educators interested in finding out more about the world of business. One can explore feature stories about teen-run companies and business trends, read articles on how the economy works and how careers take shape, listen to and view audio and video podcasts spotlighting business’s most creative and colorful characters in fields like sports, entertainment, retail and hi-tech.

As part of Knowledge@Wharton, a network of global online business publications published by The Wharton School of the University of Pennsylvania, KWHS is where you can discover business now.

Aound 325 schools from across the globe had applied for the competition. Each team was asked to manage a portfolio of $100,000 in virtual cash. After months of trading, the teams were required to submit a detailed document on their recommended investment strategy. The jury panel from Knowledge@Wharton High School and Aberdeen Assets Management studied the investment details to select the finalists.

The school team, led by teacher Prabha Prakash and mentors Jayant Sakuja and Sumedha Goyal, had applied for the competition in January. They traded for two-and-a-half months. On March 27, the team submitted their business investment policy to the jury.

On April 6, the school received a communiqué informing its team was selected among the top 10 finalists. For the final round, a team can participate through Skype or online video-conferencing. But, the school decided to send the students to the US for the finale.

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