Fund Manager Q&A: Jorma Korhonen

Jorma Korhonen’s first three years in charge of Fidelity Global Special Situations has been challenging, with the fund sitting bottom-quartile over the period as a result of a terrible few weeks in September 2008 when he was badly hit by the collapse of the banking sector. However, he outperformed the market from the beginning of 2007 right up until September 2008, and has strongly beaten the peer group since November of the same year. Q. The Global Special Situations fund has underperformed over the last three years. What have been the reasons for this? A. You have got to play w...