The international unit of
The Special Situations fund is the largest and most successful international retail fund and has approximately $10 billion in assets.
Anthony Bulton manages all the assets and will continue to do so until the end of 2006.
The proposal must first be approved through an investor vote, where at least 75% must agree for it to go into effect.
The new fees for the fund will be 5.25%, but only for new contributions.