Fidelity's Special Sits funds saw £920m outflows last year

Fidelity has seen outflows of £920m in 2007 from its two special sits funds following the division of...

Fidelity has seen outflows of £920m in 2007 from its two special sits funds following the division of UK Special Situations in the previous year. Anthony Bolton’s Fidelity Special Situations and Global Special Situations both appear on BestInvest’s ‘most dumped funds of 2007’, which it sourced from Lipper. The UK fund saw £345m of net outflows last year while the global vehicle from Jorma Kohonen lost £575m in assets. A third Fidelity fund, the European fund run by Tim McCarron, is also among the losers of 2007, having had £523m in net redemptions. BestInvest analyst Stephen Marriott...