LONDON, Nov 12: Jayesh Manek has become the first Britisher of Indian origin to join the city's exclusive club of fund managers by launching a British fund with tremendous response from the metropolitan's wealthy.Manek, a Ugandan born Britisher of Indian origin, created waves among London fund managers by winning twice the Sunday Times fantasy fund managers competition in 1994 and 1995. He then successfully implemented his fantasy experience by launching India Value Investments Limited in Mumbai.His India-based fund outperformed even other major international funding companies.now the 41-year-old Jayesh has ventured to launch his first ever Manek Growth Fund registered, which has within days of floating been received well in the city stock market.The fund aims to offer investors long term capital growth by investing primarily in the united kingdom equities.The pharmacist-turned-share picker has already grabbed one of London's top investors, the billionaire Sir John Templeton, who has already given ten million pounds to Jayesh's company for fund managing.``By October this year, the ten million pounds that Sir Templeton had invested had already jumped to thirteen million pounds . It is now being transferred to the New Manek Investment Management Limited Company,'' according to a city stock broker release.Jayesh Manek moved to Britain along with thousands of other Indians who were ousted by the Idi Amin administration from Uganda. In Britain, he set up a pharmacy business after qualifying as a pharmacist in 1977.He set up a chain of 8-10 pharmacy outlets. However, around six years later, Jayesh suddenly stepped down from the business. By then he had begun taking more than a passing interest in stock brokering.Manek said that he first became serious about stock market investment during the early eighties. He then started developing his personal portfolio through research into a wide range of companies in various sectors.However, his first real break came when he entered The Sunday Times fantasy fund management competitions and won the event for two years running in 1994 and 1995.``This gave me tremendous confidence. It was then that I ventured to launch the first ever India Value Investments Limited,'' Manek said. He added that the success of the India fund gave him ample confidence to try his luck and mettle with the best international fund managers in London.
