Fidelity Special Situations fund manager Sanjeev Shah has followed the lead of predecessor Anthony Bolton and made a strong move back into the markets.
Shah says he has made “aggressive” bets across selected sectors, after identifying historically large valuation spreads. His views are similar to the highly-regarded former Special Sits manager Anthony Bolton, who recently admitted placing his own money back into the markets on recovery expectations. Shah says he is “excited” by a number of opportunities in the current markets. “Markets are already discounting recession in a number of sectors,” he says. “I am currently overweight non-bank financials and am now overweight banks.” Shah says his fund is now 700 to 800 basis points ove...
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