Fidelity

Fund managers fear strong near-term pressures on gilts and sterling after the market reacted poorly to a hung parliament last week.

Philalithis, Akbar and Gibson put stamp on MM portfolios

Anthony Bolton has taken out a £65m gearing facility on his Fidelity China Special Situations trust as the manager wastes no time in accessing the region's equity markets.

Fidelity Asian Values has introduced gearing for the first time since September. The £120m trust has drawn down $9m of a $15m loan facility it arranged ING Bank in February.

ON UK GROWTH

Octopus Investments has hired former New Star and Fidelity manager Thierry Serero as it prepares to launch a European Absolute Return fund.

Anthony Bolton's Fidelity China Special Situations trust has raised £460m in one of the UK market's most successful fund listings for 20 years.

Fidelity manager highlights high-yield corporate debt as area of value in market

Fidelity UK managing director Gary Shaughnessy has urged the industry to focus on the implementation phase of the RDR to ensure costs are kept down and advisers emerge better equipped to deal with the UK's savings gap.

Historic decision is expected to improve the prospects for many US biotech and pharmaceutical companies