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Flag is up to win Grand prizes

Stephen Pettecrew Legg-Mason Investors&#39 F1 team (Steve&#39s Speed Freaks) held off the challenge of three other teams to win the penultimate race award in this season&#39s thrilling IFA Fantasy F1 championship.

Steve, who works in Manchester, relied heavily on Mika Hakkinen for his tally of 31 points. He was also helped by an excellent performance from Eddie Irvine and even managed to take the hit of Jacques Villeneuve to walk away with the laurels. A highly charged Mika Hakkinen won the GP in what turned out to be one of the most thrilling races of the season.

The Finn overcame a red light infringement, which moved him down to second row on the grid, to hold off a valiant challenge from Ferrari&#39s Rub-ens Barrichello. World champion Michael Schumacher led at the start of the race but let Barrichello take the lead on lap five. Due to team pit strategies, Juan Pablo Montoya (who posted the fastest lap) led briefly before Schumacher regained the lead on lap 35.

Barrichello then took the lead again while Schumacher, Coulthard and Hakkinen all went into the pits. Then Barrichello took his second stop, only to lose his lead to Hakkinen.

Barrichello gave Hakkinen a run for his money when, with just two laps to go, the Ferrari star&#39s engine failed, leaving Hakkinen to race home with Schumacher close behind. David Coulthard came a close third, with Jauno Trulli, Eddie Irvine and Nick Heidfeld completing the top six.

Richard May&#39s Chelsea Pensioners move to the top of the leaderboard after an excellent week&#39s work.

Barry Wood also jumped above Steve May to leave the competition wide open going into the final race of the season.


Unilever and Merrill Lynch lock horns over pension fund

Unilever started its £130m damages and negligence claim this week, brought against Merrill Lynch over the management of its pension fund. Unilever says Mercury Asset Management, subsequently bought by Merrill Lynch, followed a risky investment strategy even though it had been told to invest its pension fund more cautiously. Unilever says Mercury repeatedly failed to […]

J O Hambro Capital Management – JOHCM UK Emerging Companies Fund

Friday, 19 October 2001.Type: Oeic.Aim: Growth by investing in UK equities.Minimum investment: £2,500.Place of registration: Dublin.Investment split: 100 per cent UK equities.Isa link: Yes.Charges: Initial 5 per cent, annual 1.25 per cent.Commission: Initial up to 3 per cent.Tel: 020 7747 5646. 

Quester goes for innovation

Quester Capital Management is offering new shares in its Quester venture capital trust (VCT). This venture capital trust aims to produce income and growth by investing mainly in unquoted companies, although around 15 per cent will also go into quoted companies and fixed-interest securities. This VCT has a general focus that is spread across sectors […]

Net firm and Exchange in stakeholder deal

Stakeholder designation website has signed a deal with The Exchange for an undisclosed sum to provide users with sales, marketing and distribution rights for its service.The service enables IFAs to provide online group stakeholder transaction services via pensionsbusiness&#39s online channel which effectively administers schemes from designation through to population.The launch will be supported by […]


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