Fidelity shifts to segregated mandates on multi-asset range

The manager, who joined Fidelity's multi-asset team in 2012 from Barclays Wealth, said the group has already begun making the switch away from third-party funds.  "We are in the process and intend to move to segregated mandates in the second quarter of next year instead of buying third-party funds," he said. Multi-asset insight: Video interview with JamesBateman "This means we will be able to have our own pool of assets which are managed to our own specifications. The cost of segregated mandates is less than pooled funds so this is more cost-effective and means the cost to the end ...