IFA beats 35,000 others to win fantasy fund manager comp

Jeremy Silverstone [pictured], an IFA at MFS in Wimbledon, beat more than 35,000 players to win the eight-month league, with a return of 20.55% - over 4% ahead of second place. He said a contrarian attitude and regular fund switching gave him the edge in the competition. "I was pretty surprised," he said. "I never expected to win. On the first day I had a bad day, and made some switches that I had to pay for, so I was down in 31,000th place." After the start of the competition in August, Silverstone went into fixed interest following a market downturn. Many players lost out because...