Fidelity's data policy deters multi-managers

A number of multi-managers are excluding or running low weightings to Fidelity funds because of the group's portfolio reporting. Premier does not pick Fidelity funds while Insight, Isis and Artemis state a perceived lack of transparency inhibits them from picking the group's product. Fidelity issues detailed information on its portfolios once a quarter, including attribution analysis and sector reports but many fund of funds managers feel they need more than this. Raj Hallen, fund of funds manager at Premier, said: 'There is nothing wrong with Fidelity's performance but why should we ...