Fidelity Global Special Situations fund manager Jorma Korhonen blames last autumn's financial crisis including the collapse of Lehman Brothers for his portfolio's significant underperformance.
Korhonen's £1.5bn fund is down 31.7% over one year to 26 January 2009 compared to an IMA Global Growth sector average drop of 20.5%, according to Morningstar. He says: "The level of demand destruction...
Manager Nathan Gibbs to relocate to London
Sector report: Why US small-caps warrant a closer look…
Invesco Perpetual global equity income managers Paul Boyne (pictured) and Doug McGraw have left the group to take up new roles at a North American firm.
The unbundling of platform charges will result in greater price competition between fund providers, the Financial Services Authority (FSA) said today.
Anthony Bolton is to extend his tenure as manager of Fidelity China Special Situations until April 2014.
Fund managers see 'signs of a tentative recovery'
Operating profits at £117m in first half
Cofunds integration offset expenses
'Others will also lose access to advice as the market implodes'
HBSC, M&G and Janus Henderson ‘constant laggards’