Korhonen has "solid but unspectacular" first year

Jorma Korhonen focusing on corporate restructuring theme at Fidelity Global Special Situations, looking for companies with misunderstood valuations

When Fidelity named Jorma Korhonen as head of its Global Special Situations fund, the Finnish manager faced the unenviable task of following in the footsteps of industry legend Anthony Bolton. For more than two decades, Bolton had guided the UK version through various market cycles, emerging with a reputation in the UK All Companies space that was second to none. Korhonen, meanwhile, was an unknown manager of equity funds sold to retail investors in Australia and Japan. One year on, and it is fair to say that the Finn has successfully steered his way through a tricky first year. Despite...