Fidelity [profile] is bringing in reinforcements in their TDF division, looking to fend off challenges in the space from rivals such as Vanguard [profile].

The Boston Behemoth is giving new assignments to high profile PMs Will Danoff and Joel Tillinghast, according to a Reuters report.

Fido is still number one in the space with $157.1 billion in assets, but Vanguard is creeping up behind with $123.3 billion, writes Reuters reporter Tim McLauglin. T. Rowe Price [profile] comes in third with $80.2 billion.

Danoff is well known for managing the $84-billion Contrafund, while Tillinghast is the PM for the $35-billion Low-Priced Stock Fund.

For more details, check out the original article.  

Edited by: Ben Geier


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