Bolton pledges to keep stake in China trust after handover

Fidelity's Anthony Bolton has committed to hold on to his stake in the China Special Situations investment trust after he hands it over to Dale Nicholls in April next year.

Earlier today it was announced Bolton (pictured), who has run the trust since it launched three years ago, will step down next April as he retires from fund management for the second time. In an update sent out this afternoon, Bolton said although he will be ending his involvement with the trust, he will retain his stake after he retires. "Although I will be sorry to end my involvement with the company that was set up at my instigation, I know it will be in good hands and I will be retaining my personal investment in the trust," he said. Investment Week understands Bolton holds aro...