We are pleased to announce the final results from the inaugural 2009 Fund Challenge. Thanks firstly to all those Stockopedia members that made it a highly competitive event.
| Position | Fund | Manager | NAV | Gain |
| 1 | cn100's Funds |
cn100 |
436.97p | 263.1% |
| 2 | willy's fund |
williebrooks75 |
292.25p | 154.6% |
| 3 | dcomd99's Fund |
dcomd99 |
254.11p | 130.1% |
You can see the full results on the Leaderboard.
Many congratulations to Mike N. (Cn100), the clear winner by a large margin who put in a tremendous performance. Despite strict compliance rules, his fund gained 263% across a well-diversified portfolio of stocks in just nine months. Mike will be receiving the first prize of flights for two to visit Wall Street.
We caught up with him earlier today and asked him about his recent performance and his outlook on trading and the markets.
Mike, congratulations on winning the Fund Challenge. Until September, you had an almost vertical run upwards. You led the Competition from the front almost from day one and hugely outperformed the runner up by over 100%.
Thanks very much. I am obviously very pleased with the outcome and really enjoyed the Competition.
So, tell us about yourself. Do you have a background in finance?
Not at all. I got interested in shares about 10-11 years ago when I was given £500 of MMo2 shares for my birthday. I remember at the time checking the prices daily on Teletext and on the Internet and found it very addictive. I then started to learn more about shares - I started buying 'Shares' magazine and completed a course about stocks and shares at my local college. Since then, I have dabbled in shares buying a few good winners namely African Diamonds and Imagination Technologies Group but I also had my fair share of terrible ones too, one that comes to mind is Equator Exploration. About two years ago, I decided to invest more money from my income to try to build up capital. I now spend several hours a day researching new opportunities, looking at charts and reading company news releases.
Tell us a bit about your trading day.
I work…
