RE: Anderson to leave SMT in 202223 Mar 2021 18:26
I was reading through these comments and thinking, "I have been here before" then I realised it's a replay of Antony Bolton leaving Fidelity Special Situations in 2007. Bolton's fund had been incredibly successful and I had done very well out of it. They then split the fund between two managers who had worked with him. The fund was never so successful after that and I eventually pulled out. Then Bolton came back out of retirement saying that China was just like Europe was in his hey day and Fid China Spec sits was born that suffered big problems investing in some Chinese companies that only existed on PowerPoint. Given the volatility and gyrations in BG China Growth IT at the moment I am beginning to wonder if there is an element of history repeating itself here. I have been investing for 45 years so you can perhaps see my concerns. :)