Sanjeev Shah has stepped down as manager of the Fidelity UK Aggressive fund to be replaced by Mark Hodges. Shah, touted as a possible replacement for Anthony Bolton when he retires, has moved to run the group's offshore 1.8bn European Aggressive fund after previous manager David Baverez left the group. European Aggressive is open to retail investors with a minimum investment limit of £1,000. Shah took over the £234m UK Aggressive portfolio from Glen Pratt in late 2002. Hodges previously ran institutional mandates for the group. His segregated portfolio of UK equities returned 33.3% over...
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