Article Abstract:
Fund manager Jayesh Manek began investing in the stock market in a very small way, starting with a number of privatization issues and then moving on to other sectors of the market. However, he showed considerable talent for picking the most profitable stocks, as reflected in the fact that he won almost 250,000 pounds sterling in prize money over two years in a Fantasy Fund Manager competition run by a national Sunday newspaper. He now runs an investment portfolio for investor Sir John Templeton. He has also set up the Manek Growth Fund, a unit trust which uses the stock selection methods he has developed.
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Article Abstract:
It appears that Phillips & Drew (P&D), the fund management division of UBS, is taking a more active approach to fund management. Jerzy Wielechowski, P&D's head of corporate governance, reports a shift towards a tougher line on what it sees as underperforming investments. P&D's philosophy of 'value investing,' which aims to ascertain whether the fair value of an asset is accurately mirrored by its share price, has attracted some controversy, but it believes that this approach has been effective and will continue to be effective.
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Has announced it will focus on underperforming investments
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Article Abstract:
English National Investment Co (Enic), controlled by billionaire financier Joe Lewis, already owns four European football clubs, and is set to shortly announce further purchases. All the clubs it owns have considerable profit potential as the European Super League and digital television become established. Enic is keen to purchase Alan Sugar's 40% stake in Tottenham Hotspur, and could prove a rival bidder as BSkyB seeks to buy Manchester United.
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