Fidelity

Architas' Caspar Rock has restructured the Asian equities portion of his £64m Multi-Manager Growth fund to smooth returns.

Anthony Bolton's Fidelity China Special Situations trust has issued a further 11 million shares, primarily to assist trackers wishing to buy the vehicle following its admission to the FTSE 250.

Peter Hicks, head of UK retail sales at Fidelity International, has been promoted to product director, UK equities, effective from 1 August.

URBANISATION

Prudential has refuted suggestions Fidelity called for its management to quit over its failed Asian takeover bid.

Q&A FIDELITY

COMMENT

UK equity income managers are still forecasting dividend growth across the market this year, despite income behemoth BP suspending payouts until at least 2011.

Anthony Bolton's Fidelity China Special Situations investment trust will join the FTSE 250 index on 18 June.

Fidelity and LGIM, both large shareholders in Prudential, are among a number of asset managers set for showdown talks with the insurer's directors next week.