Frederic Gautier, manager of the Fidelity UK growth fund, has left “to pursue other investment opportunities”, according to Fidelity. He wil...

Frederic Gautier, manager of the Fidelity UK growth fund, has left “to pursue other investment opportunities”, according to Fidelity. He will be replaced by Carlos Moreno, who has been promoted within Fidelity. The UK growth fund has £789 million ($1.45 billion) under management at the end of last year. Mr Moreno’s position will be his first as manager of a UK onshore retail fund, although he has been running institutional money for two years, according to Fidelity.