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Rating:Fido See, Fido Do Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, October 25, 2007

Fido See, Fido Do

by: Erin Kello

Fidelity is rethinking its approach to managing mutual funds in the wake of big asset gains by competitors, according to the WSJ. The pub reports that Fidelity will be announcing the formation of a "multi-manager group," to be led by former Magellan front man, Robert Stansky. The new group will also have eight other members. Ned Johnson, who has always been a proponent of the "star" manager model, has recently seen the success American Funds has been having with the multi-manager approach and feels that it is worth a try, sources told The Journal.  

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