A former Fidelity manager has joined Legg Mason subsidiary Legg Mason Capital Management
as a senior vice president and portfolio manager, according to a release
, who previously managed the Fidelity Select Health Care Fund and the Fidelity Select Medical Equipment Fund, will now co-manage the Legg Mason Special Investment Trust and mid-capitalization separate accounts for LMCM.
, who currently manages the Fidelity Select Pharamceuticals and Biotech Portfolios, will take over management of the Select Health Care Fund, said Fidelity spokeswoman Sophie Launay.
will manage the Select Medical Equipment Fund, confirmed Launay. Cooper also manages the Select Pleasure Portfolio.
"Sam represents the culmination of a yearlong portfolio manager search. We considered dozens of accomplished investors, many of whom we knew and admired," stated Bill Miller, chief executive officer of LMCM.
LMCM advises more than $49 billion in mutual fund, pooled account and separate account assets.
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