Fidelity China Special Situations Plc

Fidelity China Special Situations Plc

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: United Kingdom

: | London Stock Exchange: FCSS

Fidelity China Special Situations PLC is a Closed-End Investment Fund/Investment Trust. The Portfolio Manager, Dale Nicholls, invests in the growing Chinese economy and the portfolio is weighted towards internal consumption with a focus on small and mid-cap companies.

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Dale Nicholls discusses his investment process

Fidelity China Special Situations Plc video

Dale Nicholls discusses his investment process


John Owen CMG MBE DL , Chairman
(date of appointment: 4 February 2010). Mr Owen has enjoyed careers in both the diplomatic service and industry. He served in the diplomatic service for 30 years until his retirement in 1999, serving in Indonesia, Vietnam, France, El Salvador, Iran, Brazil, China and London. Mr Owen was British Consul General in Boston, USA from 1992 to 1995, and Governor of the Cayman Islands from 1995 to 1999. He also worked in industry for seven years. Mr Owen is currently chairman of several companies including Iceman Capital Limited, an investment company specialising in investment in the developing markets of Asia. He has a number of directorships including Queensgate Bank Trust Company Limited. Mr Owen is also chairman of the Friends of Cayman in London. He is an Honorary Fellow of the University of Wales and also a Deputy Lieutenant of the County of Isle of Wight.
Nicholas Bull FCA, Senior Independent Director and Chairman of the Nomination and Remuneration Committee
(date of appointment: 4 February 2010). Mr Bull is the senior independent director of Coats Group plc and a Senior Adviser to City stockbroker Westhouse Securities. He is also a Member of Council of the University of Exeter, a trustee of the Design Museum and deputy chairman of the trustees of the Conran Foundation. From 2010 he was an independent director, then chairman, of hotels group De Vere until the completion of its asset disposal programme in 2015. Previously Mr Bull worked for 30 years as a corporate finance practitioner with Morgan Grenfell (subsequently Deutsche Bank), Société Générale and ABN AMRO in London, Sydney, Singapore and Hong Kong. He is a qualified chartered accountant.
David Causer FCA, Chairman of the Audit Committee
(date of appointment: 4 February 2010). Mr Causer is a non-executive director and audit committee chairman of Schroder Income Growth Fund plc, an investment company listed on the London Stock Exchange. He is a qualified chartered accountant and a member of the Securities Institute. Mr Causer has held a number of senior positions within financial services organisations, including as finance director of Mercury Asset Management Group plc and as a managing director of Merrill Lynch Investment Managers until 2001. He was finance director of The British Red Cross Society until December 2007. He is a trustee of a number of charities and a public member of Network Rail.
The Hon. Peter Pleydell-Bouverie DL, Chairman of the Investment Committee
(date of appointment: 4 February 2010). Mr Pleydell- Bouverie is an investment professional with over 30 years of investment experience, particularly in the Far East and emerging markets. His current non-executive positions include acting as CIO and trustee on investment committees for family and charitable trusts. He is also a Deputy Lieutenant of the County of Wiltshire. Previously, Mr Pleydell- Bouverie spent ten years with FIL where he was investment director until 1996, managing Japanese-focused unit trusts, offshore funds, pension funds and the Fidelity Emerging Markets Fund. Prior to this, he was an associate director at Kleinwort Grieveson Investment Management and fund manager at Grieveson, Grant and Co, where he also managed Asia-focused investment funds.
Elisabeth Scott, Director
(Date of appointment: 1 November 2011). Ms Scott worked in the asset management industry in Hong Kong from 1992 to 2008, where she was managing director and country head of Schroder Investment Management (Hong Kong) Limited and chair of the Hong Kong Investment Funds Association. Ms Scott is a non-executive director of Pacific Horizon Investment Trust PLC and also Dunedin Income Growth Investment Trust PLC and Allianz Technology Trust PLC.
Andrew Wells, Global Chief Investment Officer
(Date of appointment: 21 May 2012). Mr Wells is FIL’s Global Chief Investment Officer, Fixed Income, Solutions and Real Estate and has been a member of FIL’s Global Operating Committee since November 2010. Mr Wells has over 20 years of investment experience, particularly in Asia, having worked as a portfolio manager in FIL’s Hong Kong office from 2002 becoming FIL’s Chief Investment Officer for Asian Fixed Income in 2005. In 2007, Mr Wells became Global CIO Fixed Income for FIL, responsible for developing the fixed income investment process, team and structure.

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