Sanjeev Shah, the former manager of one of Fidelity's flagship funds for small investors, says the decision to quit in 2013 was personal.
Shah had taken over Fidelity Special Situations from renowned investor Anthony Bolton five years ago before stepping down in 2013. At that time Shah had made it categorical that stepping down was a personal decision and not that he was feeling the heat after stepping into his predecessor's shoes. Shah had said, “I do recognise that this is a role that requires 110% effort and I have made the decision that I do not want that level of intensity going forward.” The fund is still strongly associated with Bolton, even though he stopped managing the fund in 2007. Shah was replaced by Alex Wright, who at that time was manager of Fidelity's top-performing UK smaller companies fund and widely regarded as the company's rising star.
