Fidelity's announcement that top-performing fund manager Anthony Bolton's Special Situations fund is to be split in two with a different manager taking over one has drawn wide ranging commentary.
The Telegraph notes credit ratings agency Standar & Poor’s note that out of 122 unit trusts with a 25-year record, Bolton’s is the top performer. However, it also notes comment from Mark Dampier of Hargreaves Lansdown to the effect Fidelity’s plans are “a bit of a pig’s ear”. ”They will leave investors with two funds instead of one and they don't know who will be managing half their money after the end of next year." UK OIL LICENSE SALES have reached fever pitch with energy minister Malcolm Wicks - previously in charge of UK pensions reform - announcing 152 licences are to be handed...
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