Word on the Street: The split of Fidelity Special Sits

Anthony Bolton and Jorma Korhonen will haggle over the individual holdings in the Fidelity Special S...

Anthony Bolton and Jorma Korhonen will haggle over the individual holdings in the Fidelity Special Situations fund when it is split later this year. While the £6.5bn portfolio will be divided into two equal halves from a value perspective, it does not mean the underlying holdings in the fund will be equally divided, with the two managers ‘horse trading’ the stocks. For example, Korhonen could take on the mid- and small-cap positions in the fund while Bolton could take the blue chips, Fidelity explained. Korhonen is currently in the early stages of reviewing the stocks held in the portfoli...