James Bateman, Fidelity's chief investment officer for multi-asset, has said the firm is moving its multi-asset funds from investing in third-party funds to segregated mandates in order to cut costs and gain access to a wider investment universe.
The manager, who joined Fidelity's multi-asset team in 2012 from Barclays Wealth, said the group has already begun making the switch away from third-party funds. "We are in the process and intend to...
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