Eighteen Cambridge teams trade their day jobs for an evening raising funds for new Arthur Rank Hospice
More than a hundred and seventy people, from eighteen of Cambridge’s most vibrant organisations took part in The Stockmarket Challenge sponsored by Rathbones Cambridge, on Tuesday evening (20 September). Final figures are yet to be confirmed but it is hoped that, driven by the high odds at stake on the virtual trading floor, over £20,000 will have been raised for Arthur Rank Hospice Charity’s £10.5 million state-of-the-art building at Shelford Bottom: due to become the Hospice’s new home in mid-November.
Competition was fierce within Cambridge Union’s Debating Chamber where - after a friendly drinks reception – companies closed rank in a high pressure and hard-fought race to become most profitable trader. Each of the eighteen teams started with a notional figure of £15,000 and were instructed to maximize their portfolio value through trading stocks and shares and the euro, whilst being bombarded by breaking news from financial papers, radio interviews and TV reports, which added an urgent and unpredictable dynamic to the virtual trading week.
Peter Brett Associates, who have provided structural and civil engineering and transportation advice for the new hospice, were crowned the winning team with a grand total of £196,200. The development and infrastructure consultants swiped The Rathbones’ Trophy from defending champions Santander, who had to be content with a third place this year, behind Deloitte in second position who managed to achieved assets of £158,000 as the bell rang for the close of the evening’s trading.
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