Fidelity Investments' lead portfolio manager for global equities strategies has resigned.
Amit Lodha will cede portfolio management responsibilities for funds including the Fidelity Global Equities fund, which is offered to Australian investors, after over a decade at the helm.
He has been a fund manager at Fidelity Investments for over 17 years.
Lodha previously worked at Citigroup as an anlayst and is a former KPMG senior auditor.
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His portfolio management responsibilities will end June 30, but he will stay on as a senior adviser until September 2021 to help with the transition, according to Morningstar Australasia, which put funds managed by Lodha under review following the leadership change.
"Going forward the strategy will have a new co-portfolio manager structure. As Lodha's replacement, Fidelity has hired an experienced lead portfolio manager, who is expected to commence in September 2021, as well as appointed Oliver Trimingham as co-portfolio manager," Morningstar said.
"Given the significant change in portfolio management responsibilities, we have placed the Fidelity Global Equities strategy Under Review. A formal review will be undertaken in the coming weeks and our updated view will be published soon after."