Fidelity has revealed Anthony Bolton's China Special Situations investment trust will carry a performance fee equal to 15% of any outperformance of its NAV (excluding gearing) over the MSCI China index plus a hurdle rate of 2%.
Anthony Bolton intends to subscribe for 2.5 million shares priced at £1 each in his new China Special Situations investment trust.
Fidelity's Anthony Bolton on taking his contrarian approach to the Chinese market.
Fidelity is planning an initial £630m capital raising for Anthony Bolton's China Special Situations PLC.
Fidelity has confirmed Anthony Bolton's China Special Situations fund will be an investment trust.
While Jorma Korhonen has faced a challenging market in the three years since assuming full control of Fidelity Global Special Situations, the manager's core stockpicking approach has remained resolute
Fidelity's Anthony Bolton says the financial crisis is now over though he believes the true cost in terms of debt and regulation has yet to be paid.
The news Anthony Bolton has emerged from his mentoring role at Fidelity and put himself firmly back on the frontline of investment management running a China fund for Fidelity has generated huge interest across our industry.
Anthony Bolton has committed to at least two years running Fidelity's new China fund.
"Fantastic" and a "big surprise" is how multi-managers and advisers are describing the return to running money of Fidelity's iconic fund manager Anthony Bolton. But some offer a word of warning...