View more on these topics

Threadneedle’s Podger poached for Fidelity global special sits

Jeremy Podger
Jeremy Podger

Jeremy Podger will replace Jorma Korhonen as the manager of £1.5bn Fidelity Global Special Situations fund.

Podger will join Fidelity in March from Threadneedle, where he was head of global equities and managed the Threadneedle Global Select and Global Extended Alpha funds.

The manager will report to Dominic Rossi, global chief investment officer for equities at Fidelity, and work closely with Richard Lewis, its recently-appointed head of global equities.

Rossi says: “The combination of Richard and Jeremy with our existing strong team creates an exceptionally talented and revitalised group in an area where we have strong ambitions to grow assets.”

The Fidelity Global Special Situations fund has underperformed since its launch in September 2006, losing 1 per cent compared with the 16.5 per cent gains in the benchmark MSCI World index.

Although Korhonen has outperformed over three years, the fund has lost 14.5 per cent in the year to date while the benchmark has gone down just 6 per cent.

Podger’s Threadneedle Global Select fund now be managed by William Davies, the asset manager’s new head of global equities. New hire Neil Robson will take over the Threadneedle Global Extended Alpha fund.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm