Bolton's return: Industry reaction

"Fantastic" and a "big surprise" is how multi-managers and advisers are describing the return to running money of Fidelity's iconic fund manager Anthony Bolton. But some offer a word of warning...

Ben Yearsley, Hargreaves Lansdown investment manager: "It is a big reputation risk for him [Bolton]. He was on the top when he left and it will be a change to running big UK and European portfolios. He was the best stock picker of his generation and people will buy this because it is Bolton. Will we be recommending it over Jupiter or First State initially? It is unlikely. You must also consider the impact on the UK team, which could always call on his expertise." Darius McDermott, Chelsea Financial Services' managing director: "It is like the famous sports stars that miss the game and ne...