Majedie Asset Management, a UK boutique managing £11bn, has named four all-female teams of UK university students to take part in a stock-picking competition it has devised, as part of an effort to encourage more women into the investment profession.

Majedie, which announced the competition in October, has now picked teams from Bath Spa University, the University of Cambridge, the University of Exeter and the London School of Economics, it said on 23 January.