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Fidelity’s Richard Skelt retires

Fidelity Worldwide Investment veteran Richard Skelt has retired after 23 years at the firm.

Skelt, an investment strategist for Fidelity Solutions multi-asset team, left Fidelity at the end of January.

He co-managed 10 funds, with total assets under management of $6.4bn (£3.9bn). The largest were the $1.4bn Fidelity Wealthbuilder fund, whose lead co-manager James Bateman has been joined by Nick Peters; and the $2bn FF – International fund led by Peters who has been joined by Ayesha Akbar.

Fidelity says Skelt’s roles were passed on to other members of the portfolio management team and there will be no change to the funds or their management styles.

The Fidelity spokeswoman says: “We do not expect Richard’s departure to have a meaningful impact on the management of our clients’ portfolios, given the team’s structure.”

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