One of the topical issues at the moment is Fidelity's Special Situation Fund, reported to be over £3bn in size, as the fund management moves from Anthony Bolton to Sanjeev Shah.
Articles on the subject typically cover what advisers reaction to the change is. Responses can vary between carry on supporting the trust, hold off on new investments to moving the money. In the latter two instances, not surprisingly, other groups are promoting similar trusts. This led me to thinking about fund manager movements and adviser reaction. My gratitude goes to Gartmore who, in a recent presentation, stated that 80% of fund managers at the top 50 UK fund providers have left their funds in the last three years. The position for these funds is different from the position with Fid...
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