Bloomberg expands Historically Black College and University (HBCU) Trading Challenge in its second year

Bloomberg for Education and Bloomberg Human Resources have expanded the reach of this year’s Bloomberg and Historically Black Colleges and Universities (HBCUs) Trading Challenge to new universities and shifted to evaluate participant investment performance against a developed market (DM) index.The Bloomberg and HBCU Trading Challenge exercises the financial acumen of college participants through a virtual investment competition on the Bloomberg Terminal. Geared towards Black students in the US who are typically underrepresented in the finance industry, the challenge was created to help HBCU students build marketable skills and knowledge needed to compete for finance jobs and provide hands-on experience that they will use in their future careers.This year, students invested $1 million virtual US dollars across companies in the DM index in a closed network, with the assistance of university faculty and assigned Bloomberg mentors. The winner was decided based on the trade performance of participants, benchmarked against real DM indices on the Bloomberg Terminal.