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

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

Rating:Meet the Fidelity PM Who Dislodged Ken Heebner from the No. 1 Perch Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 25, 2011

Meet the Fidelity PM Who Dislodged Ken Heebner from the No. 1 Perch

News summary by MFWire's editors

Fundsters interested in equity offerings, particularly those focused on junk-rated companies, may want to take a look at Bloomberg. Charles Stein profiled Thomas Soviero, whose $4.2 billion Fidelity Advisor Leveraged Company Stock Fund [see profile] earned 15 percent annually for the past decade, beating out all 3,616 other diversified U.S. equity mutual funds according to Morningstar.

Soviero himself and Wells Fargo manager Margaret Patel both weighed in for the article. Bloomberg also notes that Soviero's fund succeeded Ken Heebner's CGM Focus Fund at the top. (CGM Focus topped the rankings for almost three years in a row and just slipped to ninth.)

"Debt doesn't have to be a four-letter word," Soviero told the wire service. "When it works in your favor, good things can happen." 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use