Anthony Bolton, the feted fund manager at Fidelity International, has suffered a stumble following the poor performance of his new flagship China fund this year.
Mr Bolton’s China Special Situations fund raised ￡460m ($742m) when it launched with much fanfare on the London Stock Exchange last April. But in the year to date, shares in the fund have dropped 20 per cent, a much sharper fall than the broader Shanghai and Hong Kong markets.
Over the same time, the net asset value of the fund dropped 14.4 per cent.
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