Strong to the Finnish

While Jorma Korhonen has faced a challenging market in the three years since assuming full control of Fidelity Global Special Situations, the manager's core stockpicking approach has remained resolute

For Jorma Korhonen, there is no such thing as an archetypal ‘Special Situations’ fund. As anyone who has met Korhonen could attest, the Finnish fund manager is also not your stereotypical stockpicker While so-called special situations and recovery plays have been the strong theme for investors over the past 12 months, Fidelity’s Jorma Korhonen believes no two managers in the sector share an identical approach. “At the end of the day, ‘special situations’ is more of a marketing name. Each manager has a different definition of what is a special situation. The only sort of unifying thing...