Fidelity's legendary fund manager Anthony Bolton has announced he is to retire next April, bringing to a close a 35-year career managing money at the group, but what legacy does he leave behind?
For those with short memories, Bolton's last few years have been characterised by his performance in China. Always an extremely bold gamble, it is one that has not played out particularly well for Bolton as yet, although he still has ten months to get the numbers back up. Returns on his China Special Situations investment trust - a small- and mid-cap focused fund - have lagged the benchmark since launch, amid slowing growth in the region. The trust itself is down 12.3% in terms of its share price, well below the only comparable trust - the J.P. Morgan Chinese investment trust - whi...
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