Manek: How I beat everyone during volatile summer

Jayesh Manek's £40m Manek Growth fund has soared to the top of the UK All Companies sector, losing just 2.5% in the last three months of excessive market volatility.

The former pharmacist is also top across all sectors during September with the fund up 7.44%. Manek has been well ahead of his UK All Companies peers over the summer, with the average fund losing 13.6% since the start of July, according to Morningstar. The manager said he began revamping his portfolio at the end of last year, adding to defensive sectors such as utilities and pharmaceuticals, as he anticipates growth will remain anaemic for a further eighteen months. He has also been using index futures during the last three months, hedging up to 100% on the majority of stocks, as h...