Fidelity hires Dalton's Kaye as Vatis quits

Kaye (pictured) will join Fidelity in the first quarter of 2013, as part of a doubling of the group's US portfolio manager capability from two to four. He will assume management of the Fidelity Investment Funds American fund from Vatis, who is to leave Fidelity this Friday. Adrian Brass, manager of the Fidelity America fund, will run the FIF American fund until Kaye arrives. But Brass will hand over FIF American Special Situations to Angel Agudo, allowing him to launch a new US equity fund in the first half of 2013. Vatis' American Growth fund will be taken over by Aditya Khowal...