Fidelity's Liu to retire after 27 years

Fidelity's South East Asia fund manager Allan Liu is to retire later this year after 27 years of running active funds.

The manager previously stepped back from running the group's onshore £1.8bn South East Asia fund in 2013, handing it to Teera Chanpongsang. Liu (pictured) is now to relinquish lead fund management responsibilities on the group's offshore South East Asia fund on 1 March, ahead of his retirement in June. Dhananjay Phadnis, who has been managing Asian funds since 2008 and has spent 10 years at Fidelity, will succeed Liu on the SICAV fund. The pair will work together until the end of February to ensure a smooth transition. Fidelity is also changing the fund's reference index from the M...