Fidelity shifts leadership on 13 funds
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Fidelity Investments has changed leadership on 13 funds so far this year, as it reassigns some managers and promotes others, mostly in areas investing in specific industries.
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Fidelity Investments yesterday said it is set to administer the University of California&#39;s multibillion-dollar retirement plans, in a deal that for the first time has a public university using a single retirement record ...
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American Financial Realty Trust on Friday said it expects to report adjusted funds from operations between $124.0 million and $136.5 million in 2005.
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Fidelity Contrafund beat its benchmark in the first half of 2007 after trailing by the biggest margin in almost a decade last year as manager Will Danoff was helped by technology stocks.
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THE REGION Fidelity Investments is considering expanding a Texas facility, adding up to 1,500 jobs, a spokeswoman for the Boston mutual fund giant said. Anne Crowley confirmed reports in Texas newspapers that Fidelity is in talks with the town of Westlake, near Dallas, to expand a campus where it now has about 2,900 employees. One of Massachusetts' largest employers, Fidelity ...
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Fidelity International Ltd.'s chief executive, Barry Bateman, said clients have withdrawn about $3 billion from the firm's European Growth Fund since manager Graham Clapp said at the start of the year that he was quitting.
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Two more traders have left Fidelity Investments amid the government investigation into whether employees inappropriately solicited and received expensive gifts and entertainment from brokers who wanted the mutual fund company's massive trading business, the company confirmed yesterday.
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Citigroup moved on Thursday to rescue seven affiliated investment funds that have been upended by the running crisis in housing-related debt.
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Putnam Investments on Friday promoted a veteran bond manager to head its investments groups, marking the latest personnel changes as the mutual fund company works to improve performance at many of its funds.
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With a major trading-fraud case finally settled yesterday, the Boston-based mutual fund operations of Bank of America are at work on a major restructuring over the coming months that will result in a smaller, more coherent lineup of funds, officials said.
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Fidelity has opened the door again to new investors in its Magellan fund. The behemoth fund, made famous in the 1980s by legendary stock picker Peter Lynch, shut out new money more than 10 years ago.
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The US Securities and Exchange Commission pushed ahead on Wednesday with reforms of the $7.5-trillion mutual fund industry amid scandals that have shaken fund investors&#39; confidence.
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WASHINGTON - Fidelity Investments, the world's largest mutual-fund manager, more than doubled its votes against corporate board nominees this year to object to executive severance packages and director absenteeism.
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Putnam Investments yesterday overhauled the investment groups that manage small and midsized stocks, in an effort to boost performance in several funds. Two veteran fund managers are retiring as part of the shake-up.
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The Nasdaq 100 index trust, the popular fund known as QQQ, is moving to the Nasdaq sooner than expected from its longtime home on the American Stock Exchange, according to a published report.
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Fidelity Investments chairman and chief executive Edward C. "Ned" Johnson III is known for a rare attention to detail within his sprawling family enterprise. Example: Displeased with the style of sinks at a fitness center in the Fidelity-owned Seaport Hotel , he ordered them torn out and replaced. A faulty alarm at the South Boston hotel also prompted action: He ...
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Fidelity Investments, the world's biggest mutual fund company by assets, said yesterday it will offer mutual funds run by a team instead of one person, in a move analysts said was aimed at trying to increase sales.