Manek only UK equity manager boasting one-year growth

Ex-pharmacist Jayesh Manek is one of just three mainstream equity managers to deliver positive one-ye...

Ex-pharmacist Jayesh Manek is one of just three mainstream equity managers to deliver positive one-year returns as the credit crunch reaches its first anniversary. Of the 1,500-plus funds in the main equity sectors, only Neptune, F&C and Manek Investments have vehicles boasting investment gains. Across more than 400 UK equity portfolios, Manek Growth’s 11.8% growth over the year to 28 July is the sole positive return, taking him to second place in the All Companies sector over three years. “Financials have not featured and neither did consumer-related or housing stocks,” he said. The...