Sanjeev Shah is to succeed Anthony Bolton as the next manager of the £3.2bn Fidelity Special Situations Fund.
Sanjeev, who is an 11-year veteran of Fidelity and an experienced UK equity investor, will also take on the management of Fidelity Special Values, the £400m investment trust, from 1 January 2008.
Bolton said: “I have no doubt that the hand-over of Special Situations will be as smooth as the handover of my two European funds four years ago and the transfer of assets last year to Global Special Situations. Once the transition is complete, I shall take on a new full-time role, working on investment and product strategy. I will also spend more of my time mentoring younger investment professionals, sharing with them the knowledge and experience I have been fortunate to gain over the years.”
What made financial headlines over the weekend?
Regardless of Brexit outcome
Prefer hard assets and cashflow
£15bn investment gap
Replaced by Stephen McPhillips