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Funds are designed to distribute your money across a range of investments to spread risk and tap into more than one successful business. But some have a strict investing style, own just a handful of stocks or invest only in one country. Fidelity’s Global Special Situations fund fights against those ideas and attempts to offer the full package. It typically holds more than 100 shares, invests wherever it chooses and swaps between styles like a wedding band for hire. Here we ask Jeremy Podger, the manager, whether this mixed approach has worked for investors. We have a three-pronged approach. £2.5bn investor: ‘Americans have stopped drinking beer and have switched to cannabis’

thumbnail courtesy of telegraph.co.uk