High time Fidelity got its house in order

The saga of Anthony Bolton's retirement continues to drag on, as Fidelity writes to shareholders in ...

The saga of Anthony Bolton's retirement continues to drag on, as Fidelity writes to shareholders in the £6bn Special Situations portfolio to inform them of the vote in July to split the assets into two £3bn funds by September. As far as news goes, this is fairly limp - particularly when you examine the content of the letter, which was far from informative. In fact, the sentence above pretty much says it all as the letter leaves more questions unanswered than ever before. Key among these is who will take over the management of one half of the portfolio if the group gets permission to d...