Fidelity Investments is setting up a multi-manager business that will eventually offer manager of managers services, according to Investment...

Fidelity Investments is setting up a multi-manager business that will eventually offer manager of managers services, according to Investments and Pensions Europe. To fulfil this, the company is looking for a business development director for their multi-manager business. The role will be UK-based but with a European remit and because it is a new business, the director will be tasked with “quick wins” as well as building long-term relationships. Initially focusing on fund of funds the new unit will eventually become a manager of managers.