Bolton investing own money as markets hit 'bottom' - papers


Anthony Bolton, Britain's most high-profile investment manager, believes the UK stock market has now hit rock-bottom, and has begun betting on a recovery with his own money, reports The Independent.

Mr Bolton, widely accepted to be the most consistently successful British fund manager of the past 20 years, said yesterday that he believed share prices in the UK would now begin rising again, albeit slowly and with continued volatility. "For the first time in a couple of years, I've begun to feel optimistic: the markets of the past two to three days have all the signs of a low," Mr Bolton said. "In the last weeks, we have looked into the abyss and stepped back." Mr Bolton made his name running the Fidelity Special Situations fund, earning an average annual return of more than 20% during...

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