Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: Frank Ellis Morris who wrote (14060)	12/6/1997 10:19:00 AM
From: Peter Greenhill	Read Replies (1) of 27012

Frank: Off topic. Thought you may be interested to know of an interesting development in Mutual Funds (or unit trusts as we call them)over here in the UK. Jayesh Manek ran a pharmacy in West London. In 1994 he entered an investment competition in the 'Sunday Times'he increased an imaginary œ10 million by 4900% and won the competition against 40000 other entrants. In 1995 he did it again with a 475% gain. The timespan for both was 6 months. In July 1995 Manek was asked to manage œ5 million of personal funds for Sir John Templeton, a fund manager and investment guru.By the end of October 1997 he had converted this into œ13 million. Well, this month Jayesh Manek launches the 'Manek Growth Fund'. An authorised Unit trust with Stanislas Yassukovich, former Deputy Chairman of the London Stock Exchange as Chairman. Investment will mainly be in UK quoted securities though there is the flexibility to invest overseas. I sent my cheque off this week and feel that although it is naive to believe that Manek can deliver mega returns every year this fund has as good a chance as any of doing well. Enjoy the weekend Pete Greenhill

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