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Adviser > Investment for Advisers > Investment for advisers
Governance update - 29 November 2011
The Investment Advisory Committee met on 29 November 2011 to review our risk-graded Governed Range and funds.
Meeting summary
Highlights:
- The Governed Portfolios, Managed Funds and Managed Strategies remain comfortably within their benchmark risk targets.
- No strategic changes are required.
Fidelity Special Situations Blended fund
You may be aware that Fidelity has replaced the fund manager of the Fidelity Global Special Situations fund which is an underlying component of the SL/Fidelity Special Situations Blended fund.
Jeremy Podger will be joining Fidelity from Threadneedle to manage the Fidelity Global Special Situations fund in March 2012 and take over from Jorma Korhonen who has left with immediate effect. Sudipto Banerji will manage the fund on an interim basis until Jeremy takes up the position.
The SL/Fidelity Special Situations Blended fund remains under review by our Investment Advisory Committee for poor performance relative to benchmark over one, three and five years.
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