The UK's largest retail fund is set to split in two as Fidelity makes plans ahead of the retirement ...
The UK's largest retail fund is set to split in two as Fidelity makes plans ahead of the retirement of Special Situations manager Anthony Bolton. The £5.4bn Fidelity Special Situations fund is to be divided into two separate funds during the first half of 2006. Bolton will manage both until the end of 2006 when one of the funds will be handed over to another, as yet unnamed, manager. Bolton will continue to run the other fund until the end of 2007 when he will effectively retire from active fund management, taking on more of a mentoring role. As the fund has grown rapidly over the past ...
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