Investment competition open to women undergraduates
London, 10 October 2019: Majedie Asset Management (“Majedie”), the specialist active equity investor, today launches ‘Next Generation Investor’, an investment competition aimed at women undergraduates to encourage them to consider asset management as an attractive career choice.
Majedie recognises more needs to be done to attract women to investment roles and build a pipeline of future investment leaders and has devised this university outreach programme as an important step to tackle the industry-wide gap. Three qualifying teams will each be given a notional £25,000 to invest in listed equities and trade as they wish for a period of six months.
Majedie will provide 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.
Rhiannon Collis, Majedie’s Head of Clients, said:
“At Majedie, we recognise that we must play our part to increase industry participation amongst women, particularly for investment roles. It is, simply, the responsible thing to do. We are really excited about this initiative and hope it will raise awareness of the asset management industry among the next generation of diverse talent, whom we will all rely on to protect and grow our savings in the years ahead.”
Rob Harris, CEO at Majedie, commented:
“We believe the key ingredients for successful active management are intellectual curiosity, imagination and teamwork, when combined with rigorous fundamental analysis. We know from our own graduate recruitment efforts that there’s a huge pool of untapped talent out there and we are eager to support and encourage this next generation. We very much hope this competition helps to drive broader interest and participation.”
Who is eligible to apply?
The competition is open to women undergraduates from any faculty or course at any UK university; competition details were submitted to 68 universities in early October. In summary:
• Teams should comprise between two and four women undergraduates
• No prior experience in investing is expected or required, but a demonstrable interest and passion for learning the ropes is!
• Multiple teams per University can apply, but each individual is limited to applying in one team only.
How to apply?
In the application, profiles of each team member are requested, limited to half an A4 page per person. Teams are also being asked to indicate their chosen UK registered charity. Applicants should submit their application to NextGenerationInvestor@majedie.com by midnight on 31 October 2019.
Majedie will then draw up a shortlist of teams and arrange interviews. Majedie intends to announce the participating teams by 31 December 2019. This competition edition will run from 1 January to 30 June 2020.
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