30 Jan, 2008
Published: 12:34 Wednesday 30 January
By: Charlie Parker, Investment Editor
McCarron is to step down as manager of the Fidelity European Values
He will be replaced by Sudipto Banerji a Fidelity veteran of seven
Banerji has worked alongside McCarron since April. McCarron took on
the fund in November 2001 from Anthony Bolton.
Banerji was previously manager of the Fidelity Funds Global
Industrials fund as well as an analyst covering European retail and
Fidelity has said that McCarron will continue to run the £4.8
billion FIF European fund.
The chairman of European Values, (FEV) Robert Walther said:
'Anthony Bolton, the original manager of the Company's
portfolio, delivered strong returns for shareholders, as has the
current portfolio manager Tim McCarron. We have every confidence
that the new portfolio manager Sudipto Banerji will continue to
produce the level of performance that shareholders expect from
Fidelity European Values.'