David Fuller's view That sounds like a daunting challenge but you probably can. Believe it or not, you begin with a head start. Here are two reasons and a suggestion:


1. Bolton's charges are nearly 4%, including a 2% performance fee which I assume he will receive more often than not.

2. Bolton's IT currently sells at a premium to NAV of 7.75%, according to Bloomberg. This is likely to revert to the more usual discount at some stage, in line with most investment trusts.

3. Cherry pick among Bolton's top-ten holdings which are listed in the reports issued every three months. He obviously gets first crack at them but since they are his favourites among liquid shares, they should be among the better performers more often than not.

Good luck.

Incidentally, I bought China Mobile for my own account before a colleague forwarded the report above but I am glad that Anthony Bolton also has a big stake in this share.