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

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

Rating:Fido PMs Email Routing List Email & Route  Print Print
Wednesday, June 13, 2012

Fido PMs "All Live in Glass Houses"

News summary by MFWire's editors

For Fidelity's [profile] stock fund PMs, "there is no such thing as tenure," according to equity division president Brian Hogan. Tim McLaughlin of Reuters interviewed Hogan about his efforts to turn around the Boston-based mutual fund giant's stock mutual fund performance since taking over in 2009.

Although Fidelity's stock funds have performed well year-to-date, Hogan is not yet ready to declare victory.

"Turnaround is not the word I would use," Hogan told Reuters. "That would suggest we are done showing improvement."

As a key part of his strategy, Hogan has replaced underperforming PMs, even veteran ones.

"There is no such thing as tenure here," Hogan said. "It's a meritocracy. We all live in glass houses."

The wire service also talked to Magellan Fund PM Jeff Feingold, New Millennium Fund PM John Roth, equities division chief investment officer Bruce Herring, and Morningstar fund analyst Christopher Davis

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
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use