Bolton to step down from European fund in January

Anthony Bolton is to give up managing the £2.06bn Fidelity European Fund on 1 January 2003 in order ...

Anthony Bolton is to give up managing the £2.06bn Fidelity European Fund on 1 January 2003 in order to concentrate on his UK portfolios and taking on a mentor role for younger managers in the group. Tim McCarron will take over management of the European unit trust while Graham Clapp will run Bolton's offshore E9.3bn Fidelity Funds European Growth portfolio, which he is also stepping down from in January. At the end of November 2001 McCarron took over the management of Bolton's Fidelity European Values investment trust, and his style of management on the trust is very similar to that of...