Bolton commits to trust until 2014, but should investors?

ITs

Anthony Bolton, manager of the Fidelity China Special Situations investment trust, has today pledged to remain at the helm for at least two more years, but should investors themselves stay put?

It is a tough question for a number of reasons. Bolton is without a doubt one of the most successful fund managers of his generation, with a legacy of achieving returns which most investors would be delighted with. When he retired from running money in 2007 he had delivered an annualised return of 19.5% over a 28-year career, a truly terrific return. Understandably, his return was greeted with a huge level of enthusiasm, with the China trust taking in around £600m in a few months. It seemed - and still does - like the perfect combination; a top class, proven fund manager investing ...