Joanna Faith looks at five of the most popular funds in the special situations space.
The label ‘special situations' encompasses a broad range of mandates making selecting the best solution somewhat of a challenge. Spurred by the success of Anthony Bolton's legendary Fidelity fund, now run by Sanjeev Shah, a raft of groups jumped on the bandwagon and introduced special situations products.The more cynical in the industry viewed this as simply a marketing ploy. Saltus partner Dan Kemp believes special situations funds are a casualty of their own success, or more accurately, Bolton's success. "He performed so well and raised so much money that everyone wanted a specia...
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