Fidelity had in recent years snagged market share from Wall Street giants like UBS and Morgan Stanley as investors flocked to more affordable, online-based services during the recession.
Bolton, who delivered annualized returns of 19.5% in his flagship Fidelity U.K. fund for an amazing 28 years, came out of a short retirement and moved to Hong Kong to start Fidelity China Special Situations, which began with 430 million pounds.