Armchair critic: Beware the 'seductive lure' of star managers

ARMCHAIR CRITIC

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During his long tenure as manager of the Fidelity Special Situations fund, Anthony Bolton was unquestionably "the man".

He achieved a stunning return for his investors of 19.6% pa. Or did he? The investors who invested at the start of his reign and left at the end, would have been rewarded handsomely to the tune of...

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