Griffin brings high-conviction to Fidelity funds

Manager transforms Fidelity Growth & Income and MoneyBuilder Growth funds since taking over the helm

Fidelity’s £128m Growth & Income and £402m MoneyBuilder Growth funds have been transformed into higher-conviction mandates since being taken over by new manager James Griffin. After assuming control of the funds at the start of the year, Griffin has transitioned the products to suit his management style, dropping their secondary income focus and cutting holding levels back to 40 from about 60. While Griffin has not run retail money before, he is the longest serving of Fidelity’s UK fund managers, spending 11 years in charge of institutional portfolios at the group. Over this period, G...