Anthony Bolton back to invest in China

Nov 26, 2009

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Superstar fund manager Anthony Bolton has been lured out of semi-retirement to run a fund that will invest in China.

Bolton, who ran the highly respected Fidelity Special Situations fund from 1979 until the end of 2007, said 'I firmly believe that China is the investment opportunity of the next decade. After spending the last few months in Asia, I have become increasingly excited by the prospect of managing a portfolio investing in the tremendous growth potential of China'

So serious is Bolton about his new mission, he plans to relocate to Hong Kong in the early part of 2010 in readiness for the launch of the new fund around the end of March.

Since giving up day to day running of the Special Situations fund Bolton has been working for Fidelity as a consultant and guru to a new generation of fund managers.

Fans of the legendary fund manager will be hoping he has not lost his touch; under his stewardship, the Special Situations Fund achieved an annualised return of 19.5%, compared to 13.5% for the FTSE All-Share Index. Had you invested £1,000 in the fund on the day he took the helm it would have been worth £148,200 by the time he stepped down.

'Anthony's decision to move to Hong Kong and return to portfolio management is clear recognition of the significant investment opportunities in China over the next decade,' claimed John For, Fidelity International's chief investment officer for Asia Pacific.

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