Shah marks Special Values anniversary with outperformance

Sanjeev Shah has continued to build on the strong performance of predecessor Anthony Bolton in his first full year in charge of the Fidelity Special Values trust, recouping most of the declines incurred since the onset of the credit crisis.

Over the company's reporting year to 31 August 2009, the portfolio returned 9% on a total return basis, outperforming an 8.2% decline for the FTSE All Share over the period. It has almost reversed the 9.8% NAV fall the previous year. Fidelity Special Values, which this week marks its 15-year anniversary, was run by Bolton from inception on 17 November 1994 until the end of 2007. Over the period, Bolton delivered a 13.75% per annum return for investors. Shah, who also replaced Bolton on the £2.89bn Fidelity Special Situations fund, has powered ahead of the market during the bull run - ...