Manek only UK manager to boast positive 12-month return

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

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 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. "Financials have not featured and neither did consumer-related or housing stocks," he said. The manager entered the annals of fund management after winning a Sunday Times fantasy...