Bolton is confident in his global successor's ability

relatively unknown manager jorma korhonen is to run half of fidelity special situations as global mandate, with fund to take on ucits iii powers

Jorma Korhonen will succeed Anthony Bolton on Fidelity Global Special Situations at the start of next year, assuming shareholders approve the division of Special Situations next month. Nearly 10 months in the planning, Bolton announced details of his successor last week and highlighted his desire to utilise Ucits III powers in both funds following the planned spilt in September. Though his history at Fidelity, where he has worked as an analyst and global fund manager, stretches back over a decade, Korhonen's name is unknown in the UK retail space. That said, Bolton, who devised each stag...