A couple of months ago, Sanjeev Shah, successor to renowned fund manger Anthony Bolton, relinquished management of Fidelity Special Values (FSV) investment trust to concentrate on running his open-ended fund, Fidelity Special Situations. The investment trust had mixed performances under Mr Shah's tenure: over three years numbers were not so good, with net asset value (NAV) and share price total returns lagging both the trust sector average and the FTSE All Share. But over one year the trust is well ahead of most peers and the index.
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