FP looks to reproduce Bolton fund

Friends Provident has launched a Special Situations fund comprised of three external vehicles run by Richard Plackett, Tom Dobell and Peter Saacke. The launch comes in response to Fidelity's decision to split its own Special Situations fund, with which manager Anthony Bolton has enjoyed such success. The new fund will follow the geographical remit of the original Fidelity vehicle, investing 42.5% in both Merrill Lynch UK Special Situations and M&G Recovery, run by Plackett and Dobell respectively, with the final 15% run through Saacke's Artemis Global Growth portfolio. The fund, which sit...