Bolton admits he was wrong on 'market bottom' call

Bolton, the UK's most high-profile fund manager, said back in autumn last year he was pouring his own money into the markets on expectations of a sustained recovery. The FTSE 100 was hovering in the mid-4000 mark at Bolton's initial call. However, speaking to FTfm yesterday, Bolton called a market bottom for the second time this bear market. The former Fidelity Special Situations fund manager said his analysis takes into account the history of bull and bear markets, as well as investor sentiment and valuations. "Those (factors) reached an extreme, which I thought might have been the...