Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fido Grows Institutional Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, August 22, 2005

Fido Grows Institutional Biz

by: Theresa Sim

Fidelity Management Trust Company, Fidelity's defined benefit and endowment unit, signed 47 new contracts in the first six months of the year. The unit reported assets under management of $101.2 billion, up $10.9 billion or 12 percent from June of 2004.

FMTC, which functions as a part of Fidelity Employer Services, said that growth in the unit was driven by demand of its international stock, fixed income and defined benefit outsourcing products.

In the first half of 2005, Fidelity signed seven new full service defined benefit administration clients, 13 corporate and public clients for its International Growth product and seven new clients for its Select International product.

One of Fidelity's new wins in the DB area was Holcim, a cement and aggregates supplier. Fidelity will handle administration, investment management, trust and custody for 5,500 participants with approximately $200 million in assets. Fidelity also administers the company's 401(k) plan, according to a Holcim human resources representative.

FMTC is headed by Drew Lawton. Fidelity also recently created Pyramis Global Advisors, a new equity-only institutional money manager.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use