The folks at Fidelity
] had more cause than just New Year's to break out the champagne and celebrate last week. The best-performing stock picker of 2015, at least when it comes to big U.S. equity mutual funds, PMs for the Boston Behemoth.
| Deena Friedman|
Fidelity Management & Research Company, Fidelity Select Retailing Portfolio
Research Analyst, Portfolio Manager
Matthew Winkler of Bloomberg profiles
Fido's Deena Friedman
, PM of the five-star, $1.9-billion Fidelity Select Retailing Portfolio
. Per the wire service's data, out of the 563 active U.S. equity mutual funds with at least $1 billion in AUM, Fidelity Select Retailing had the best returns last year. The fund returned more than 18.5 percent.
And Friedman's not the only U.S. equity stock picker at Fidelity that had a great year. The Boston Behemoth also landed the number two and three spots on Bloomberg's
list, with Fidelity Select IT Services
and Fidelity Select Biotechnology
(each up more than 14 percent).
Of the top ten funds in the list, funds from T. Rowe Price
] had two spots (4th and 10th). One fund each from Alger
] (5th), TCW
] (6th), Hartford
] (7th), Janus
] (8th) and Morgan Stanley
] (9th) also made it into the list, each with returns of at least 11.8 percent.
piece offers insight into Friedman's background (she's an ex-Goldman Sachs HR person who also joined Fidelity 10 years ago), her investment style (think Graham-Dodd and Buffett), and her big picks (yes, Amazon and Netflix are among them).
Neil Anderson, Managing Editor
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