Investment race nets ‚€183,000 for Rehab
Howard Lake | 12 February 2007 | News
The Rehab Foundation’s Great Investment Race has raised nearly ‚€183,000 for the charity. The race, which involves investment companies competing with each other buying and selling shares, was won by Oppenheim Investment Managers.
Devised and organised by Rehab Lotteries, the Rehab Great Investment Race has, since its inception in 2001, raised in excess of ‚€700,000 for autistic children and their families in Ireland. At the launch of the fourth Rehab Great Investment Race in November 2005, each of the six race participants were presented with a cheque for ‚€100,000 to invest as they wish in the stockmarket.
The overall profit from this year’s race was ‚€182,943 – representing a very impressive 30.5 per cent gain on an initial investment allocation of ‚€600,000. In addition to Oppenheim Investment Manager, participants in this year’s race included Bank of Ireland Asset Management (BIAM), winners of both the second and third investment races; AIB Investment Managers; Irish Life Investment Managers; Setanta Asset Management and Hibernian Investment Managers, winners of the very first investment race.
Advertisement
Oppenheim finished ‚€34,000 ahead of its nearest rival.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.