Fidelity Special Situations

Fidelity Special Situations is doing exactly what we expect, though there is a caveat.

Christopher J. Traulsen, CFA 1 September, 2008 | 1:07PM
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Fidelity Special Situations is doing exactly what we expect it to, though there is a caveat.

When Sanjeev Shah was officially named manager of this fund at the close of 2007, we were generally pleased with the choice. He had a style that we believed aligned well with the fund's contrarian heritage, and a reasonable degree of experience, albeit most recently on a European equity fund. The main question was his ability to manage a fund of this size. His best success had come at UK Aggressive (which he ran from October 2002 through August 2005), but that fund was relatively small, and he was less impressive at European

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Fidelity Special Situations4,409.27 GBP0.78Rating

About Author

Christopher J. Traulsen, CFA  is director of fund research, Europe and Asia, Morningstar.