Star manager Anthony Bolton has admitted he was wrong about the Chinese stock market, as he hung up his fund management hat after 35 years.
Mr Bolton, who is best known for his stellar performance while managing Fidelity’s flagship Special Situations fund for 28 years, will now become a member of the board but will no longer run any money.
He came out of retirement in 2010 following a trip to China, and the launch of his Fidelity China Special Situations investment trust was a feeding frenzy for his hoards of faithful investors.
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