Word on the Street: The latest on Special Sits

The second mandate formed from the split of Fidelity Special Situations is to be treated as a launch...

The second mandate formed from the split of Fidelity Special Situations is to be treated as a launch from the group rather than just a means of dealing with the vehicle’s unwieldy size. It has been widely expected that when the fund splits later this year, half the fund would be converted to a Pan European vehicle, due in part to Bolton’s own statement that he would not mind running more European assets and his past expertise in this area. Another indication of the possible mandate change has been Bolton’s current 50% weighting in blue chips, his highest position in FTSE 100 stocks in som...