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Fidelity star Bolton to pick stock for new China fund

Anthony Bolton, the former stock picker at Fidelity International and one of the most renowned fund managers in Europe, has shelved retirement plans to relocate from London to Hong Kong to set up a China-focused fund.

The surprise move, to take place by next March, will mark a return to portfolio management for Mr Bolton, who stepped down from daily stock picking two years ago. The decision is all the more remarkable because Mr Bolton, Fidelity's president of investments, turns 60 in March and had planned to retire next month.

Writing for FT.com, Mr Bolton revealed that a recent tour of China had rekindled his desire to manage money. “The [investment] opportunity is simply too great to pass up. My retirement can wait a little while yet.”

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