Tom record joined Fidelity International in February 2024 and will start co-portfolio management responsibilities on Global Special Situations / World strategy w.e.f. 1 April 2024. Tom joins us from Liontrust (Majedie Asset Management, before its acquisition in 2022), where he has managed the Liontrust Global Equities (c.100 stocks) and Liontrust Global Focus (c. 40 - 50 stocks) funds since 2014, and International Equity (ex-US) Fund since 2019, whilst also acting as Head of Global Equities to build out the Global Franchise.
Before joining Majedie, Tom was a Portfolio Manager at Baillie Gifford, where his team was responsible for managing institutional portfolios with combined international equity assets of c. $30 billion. While at Baillie Gifford, he also managed a selection of Global Emerging Market funds, including one focused on China. Tom started at Baillie Gifford as an analyst in 2002, taking on his first PM role in 2005 in Emerging Markets, followed by an International portfolio (Global ex US) from January 2006.
Tom holds Master of Arts and Master of Natural Sciences degrees, specialising in Biochemistry, from Pembroke College, Cambridge and is a CFA Charterholder.
Name
Christine Baalham
Since
31 March 2024
Bio
Christine Baalham joined Fidelity International in February 2024 and will start co-portfolio management responsibilities on Global Special Situations / World strategy w.e.f. 1 April 2024. Christine joins us from Ninety One where she has been Co-Portfolio Manager for the flagship Global Equity Strategy since 2019. She joined Ninety One in 2000 and was a founding member of the successful 4Factor equity team. Her responsibilities included global financials sector specialist, global services sector specialist and portfolio manager for the Global Endurance Equity Fund. Christine also headed up the 4Factor UK Equity team from 2004 to 2014 where she was responsible for managing the UK core strategies and a team of PMs and analysts. In addition to her investment responsibilities, she was co-Chair of Inspire, a network promoting collaboration, talent development and advancement of women at Ninety One.
She began her career at Schroder Investment Management, where she was recruited as part of the Schroder Investment Management graduate training programme in 1996. She worked on the UK fund management desk before joining the research department as the UK insurance and tobacco analyst.
Christine gained a Master of Philosophy degree in Chemistry from Cambridge in 1996, after graduating with a first class degree in Natural Sciences the previous year. She is a member of the CFA institute.
Fund objective
The fund aims to increase the value of your investment over a period of 5 years or more. The fund will invest at least 70% in companies globally. This region includes countries considered to be emerging markets as determined by the Investment Manager at its sole discretion.The fund will invest in companies believed to be undervalued with recovery potential not fully recognised by the market.Emerging markets are countries progressing toward becoming advanced, usually shown by some development in financial markets, the existence of some form of stock exchange and a regulatory body.The remainder will be invested in other investment types such as cash and derivatives.Derivatives are investments whose value is linked to another investment, or to the performance of a stock exchange or to some other variable factor, such as interest rates and used to reduce risk or transaction costs and/or to generate extra income or further increase the value of your investment. The fund may also use derivatives with the aim of achieving the investment objective.The fund is actively managed. The Investment Manager identifies suitable opportunities for the fund utilising in-house research and investment capabilities.The Investment Manager will, when selecting investments for the fund and for the purposes of monitoring risk, consider the MSCI All Country World Index.The Investment Manager has a wide degree of freedom relative to the index and may take larger, or smaller, positions in companies, and/or may invest outside the index, to take advantage of investment opportunities. This means the fund’s investments and therefore performance may vary significantly from the index.Income earned by the fund is paid into the fund and reflected by an increase in the value of each share.Shares can usually be bought and sold each business day of the fund.The sub-fund is tracking FIF Global Special Situations Blended BenchmarkNon-distributing units: any income generated by the sub-fund is reinvested.