fidelity

Fidelity will use a covered call derivatives strategy to help target an initial yield of 7.1% on its new Enhanced Income fund, set to launch on 2 February.

Fidelity's managing director of multi-manager Simon Ellis will leave the firm at the end of January.

Anthony Bolton's Fidelity Special Situations successor Sanjeev Shah has increased exposure to banking stocks despite the sector playing a significant role in the worst ever year for the FTSE 100.

Gartmore has confirmed it is to make between 60 and 75 employees redundant as part of a global business review and cost cutting exercise.

Fidelity International is to shed about 300 staff in the UK as part of an anticipated 1,500 redundancies across three parts of the company.

Fidelity International will host a series of volatility workshops for advisers throughout November, at 24 venues nationwide.

Attractive valuations in telecoms and healthcare are presenting absolute value prospects in European equities despite a bleak economic outlook, according to Fidelity.

Fund platforms are now an integral part of many advisers' day to day business. Their ability to bring the fund management industry onto advisers' desktops has proved to be a winning formula.

Fidelity Special Situations fund manager Sanjeev Shah has followed the lead of predecessor Anthony Bolton and made a strong move back into the markets.

Fidelity is offering free entry into its Multi-Asset Strategic fund, an all terrain vehicle for cautious investors, during this time of market uncertainty.