St. Ignatius Students Take Top Prize in Saxon Invest Club Challenge
April 11, 2017
Four students from St. Ignatius Catholic School emerged winners of the eighth annual Saxon Investment Club Challenge for local high school and college students.
The four young investors – Chezarie Henry, Hannah Wood, Grace Christian-Welcome and Tyrese Javon Ebanks – who operated under the trading name of Harambe’s Trust Fund, achieved the highest net value of investments over the period of the Challenge, which ran from October 2016 to March 2017.
They received the top (cash) prize at an awards ceremony held on Wednesday, April 5 at St. Ignatius School to mark the end of the Saxon Investment Club Challenge for the current academic year.
Harambe’s Trust Fund topped 26 groups that participated in the six-month extra-curricular programme, which enables students to gain practical insights into investing, money, the stock market, stock trends, and starting and running a business.
Second place prize was also awarded to St. Ignatius students – Carolyn Carter and Marylee Brown – who operated under the trading name, Xfinity. Cayman Prep & High School's team, The Investors, comprised of Allyssa Connor, Rosita Ritch and Derricka Neysmith, were the third prize winners.
Saxon CEO Brian Williams congratulated the students on their achievement and thanked the teachers who provided guidance and assisted in coordinating the Challenge. "This year, we have again been encouraged by the growth of the programme, with 26 groups of enthusiastic students participating. The performances of the winning teams and many others demonstrate that they have learnt a lot about money, investing and running a business over these past six months. That is what the Investment Club Challenge is all about and we at Saxon are grateful to the schools, teachers, sponsors and the Ministry of Education for their ongoing support."
St. Ignatius teacher Dominique Chenier, who was also the advisor to her school's participants, remarked: "The Saxon Investment Club Challenge gave our students the opportunity to not only apply some of the knowledge they learned in their Business Studies or Accounting lessons, but to also acquire new knowledge related to investing on the stock market. They also enjoyed using a true to life trading platform, thanks to OneTRADEx's support of the competition.
"We are thrilled that two of our teams won first and second place. The students look forward to taking part in this competition again next year, and are very grateful to Saxon for continuing to sponsor this excellent learning opportunity."
Saxon Investment Challenge is jointly sponsored by Saxon, OneTRADEx, Silver Thatch Pensions and the Ministry of Education.
Students operated with demo accounts set up by OneTRADEx, in which they simulated real life trades, using an initial sum of $100,000 which they were given to invest. They worked in teams and were supervised by teachers who monitor their learning and progress.
Prizes are sponsored by Silver Thatch Pensions, Saxon, the Ministry of Education and OneTRADEx. Monthly prizes, sponsored by OneTRADEx, were awarded for top performing teams and teachers also received incentives for supporting the programme.
Victoria Taylor of Saxon and Cetonya Cacho- Deputy Chief Officer of Education Policy and Planning award Members of Harambe Trust Fund, the winning team in the Saxon Investment Club Challenge: (L-R) Tyrese Javon Ebanks, Chezarie Henry, Grace Christian-Welcome & Hannah Wood of St. Ignatius Catholic School.
Second place team, Xfinity of St. Ignatius Catholic School – (L-R) Carolyn Carter, Marylee A Brown
Third place team, the Investors – (L-R) Allyssa Connor, Rosita Ritch and Derricka Neysmith of Cayman Prep & High School.
Dominique Chenier (left) of St. Ignatius received Teacher Award
Saxon Insurance is a Class A licensed Insuretech firm providing auto, residential and commercial property, home contents, business contents, liability and travel insurance in the Cayman Islands.
Saxon works with the world's largest insurers and brokers, including Lloyds of London, and Lockton and has been acclaimed in the international insurance market for outstanding service. The firm has been recognized for innovation with the 2017 Celent Model Insurer Award for Operational Excellence in IT Management and the 2014 Celent Award for Legacy and Eco-System Transformation.
Saxon, the only wholly Caymanian-owned insurance company in its market, is also a leading pensions provider, serving more than 14,500 individual account holders through Saxon Pension Services.
OneTRADEx is the Cayman Islands’ only fully licensed Broker Dealer that offers online discount trading services to individual investors, traders, hedge fund managers, and family offices. OneTRADEx is regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law and have been vetted by FINRA and the CFTC in the U.S.
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Whatever happens, your investment is protected with Saxon’s property insurance policy. Backed by Lloyd's the global insurance leader, your policy is issued by Saxon. We use innovative technology to settle your claims fast.Doing business is always easy with Saxon whether by email, live chat, in-person, or by phone. Saxon is Smart insurance.
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