fidelitys multi-manager funds review

Fidelity’s Wealthbuilder and Moneybuilder Global funds have been put under review by Morningstar OBSR after James Bateman was named manager with existing manager Richard Skelt delegated to co-manager.

fidelitys multi-manager funds review


Bateman was hired for Fidelity’s multi-manager team in January 2012, joining from Barclays Wealth.

While at Barclays Wealth he ran £2.3bn of assets across five multi-manager funds and prior to that held multi-manager positions at Northern Trust and Investment Manager Selection.

Skelt is a member of the investment solutions group within Fidelity, which runs more than $42bn and has been with the group for more than 20 years.

Morningstar said both funds previously held a Morningstar OBSR analyst rating of bronze and the ratings agency will meet with Bateman in the coming weeks to discuss his plans for the fund.




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