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Fidelity suspends two fund managers for “violations”

Fidelity International has confirmed that it has suspended two of its senior fund managers in Hong Kong over a possible breach of its internal code of conduct.

Fidelity has declined to give the names of the managers who have both been suspended for a week as the firm launches a probe into potential violations of its internal code.

A spokeswoman for Fidelity says: “We can confirm that two fund managers have been suspended over a potential breach of our code of ethics pending an investigation. The funds have been re-allocated to the appropriately experienced fund managers within the Asia-Pacific investment team.”

Late last year Fidelity announced that former UK fund guru Anthony Bolton is to relocate to Hong Kong to launch a China fund in March 2010.


LibDems would keep the FSA and cut £10bn

The Liberal Democrats have set out the key pillars of their economic manifesto which include plans to separate banking functions and keep the FSA as the UK’s financial regulator. At the Demos Politics 2010 series in London on Monday, Shadow Chancellor Vince Cable said: “A modern version of Glass Steagall is required separating retail and […]

Hicks: ‘Benefits'

The re-reg route

Re-registration is a relatively simple process that can make advisers’ lives easier in the long term, with easier administration and potentially higher trail

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


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