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

clock

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...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •