Anthony Bolton

GOME Electrical Appliances, one of the top holdings in Anthony Bolton's Fidelity China Special Situations fund as of last month, saw its share price fall 21% overnight after full-year earnings disappointed.

Fidelity's Anthony Bolton has warned Chinese GDP growth will come in at around 7.5% this year, undershooting consensus forecasts for growth of between 8% and 8.5%.

Anthony Bolton's Fidelity China Special Situations investment trust lagged its benchmark in the final quarter of 2011.

Anthony Bolton has lost £1m of his own money in the £570m Fidelity China Special Situations trust in the last 12 months, according to research from broker Collins Stewart.

The board of Anthony Bolton's Fidelity China Special Situations fund has bought back a further 750,000 shares in a bid to narrow its discount.

Industry heavyweights Neil Woodford and Anthony Bolton have had contrasting fortunes running their closed-ended vehicles over the past year.

Fidelity's Anthony Bolton is expecting a slowdown in inflation to boost equity markets in China next year, following a sell-off which has hurt performance in 2011.

Speaking to investors today following the six-month results of his Fidelity China Special Situations trust, Anthony Bolton explained why the trust has struggled, with net asset value falling 29% over the six months to 30 September.

Legendary investor Anthony Bolton has said his optimism on China has been "severely tested" after the sell-off in September hammered share prices, while his trust saw its NAV fall 29% over the last six months.

The Securities and Exchange Commission (SEC) has approved rules making it harder for overseas firms to list in the US via mergers with shell companies - a move advocated by Fidelity's Anthony Bolton earlier this year.