Shake-up at Fidelity Magellan
Big shake-up brewing at Fidelity's Magellan fund. Bloomberg's Chet Currier reports the current Magellan manager, Bob Stansky, is leaving, to be replaced by Harry Lange, the manager of Capital Appreciation and Fidelity Advisor Small Cap.
A change isn't surprising, considering the fund has lagged in recent years (see the Fidelity Observer post from September about this) and nearly $12 billion has been withdrawn from the fund so far this year. The Bloomberg article suggests that Lange might place more of a small-cap emphasis on Magellan, which has traditionally gone after "big" stocks.
What do you think of this post? Be the first to share your opinions.
Enjoy the latest personal finance news and commentary at PFBlog Network.
Similar Posts
Fidelity's special service for retirees (November 18, 2005)
As I blogged earlier this week, Fidelity has a retirement planning service aimed at retirees. Read
As I blogged earlier this week, Fidelity has a retirement planning service aimed at retirees. Read
Fidelity's tool for the ultra rich (November 14, 2005)
Everyone is going after rich customers. No secret there. I see and hear advertisements for "preferred client services", "wealth managent", etc. offered by white-glove firms and brand-name financial services corporations alike. Rich customers are good customers to have. Read
Everyone is going after rich customers. No secret there. I see and hear advertisements for "preferred client services", "wealth managent", etc. offered by white-glove firms and brand-name financial services corporations alike. Rich customers are good customers to have. Read
Fidelity's deceptive advertising, part I (October 25, 2005)
I'm looking at a Fidelity advertisement in the latest issue of Kiplinger's (the second page spread in the November 2005 issue). It's amazing how deceptive it is. "Add staying power to your portfolio," and "Experience, value, and a focus on long-term performance set our funds ... Read
I'm looking at a Fidelity advertisement in the latest issue of Kiplinger's (the second page spread in the November 2005 issue). It's amazing how deceptive it is. "Add staying power to your portfolio," and "Experience, value, and a focus on long-term performance set our funds ... Read
Pet peeve: Fidelity receipts and the three-hole punch (October 23, 2005)
Our family has about a half-dozen accounts with Fidelity. Roth IRA, Rollover IRA, a stock-buying account, a few 529 plan accounts, etc. Read
Our family has about a half-dozen accounts with Fidelity. Roth IRA, Rollover IRA, a stock-buying account, a few 529 plan accounts, etc. Read
Email addresses will never be collected or sold.
08/03/06 |
Fidelity after Edward Johnson III
06/07/06 |
S&P Lowers Fidelity's Debt Outlook
05/25/06 |
Good News: Fidelity's customer protection guarantee
05/12/06 |
The Magellan distribution and taxes
05/08/06 |
What's up with Fidelity Magellan?
| (3)
03/27/06 |
Fidelity employee's epic dinner results in laptop theft
| (6)
03/23/06 |
Fidelity loses laptop, 196,000 HP employees' data lost
03/17/06 |
Fidelity's financial services "store" on Amazon
02/25/06 |
Boston Globe on Fidelity's struggles
02/11/06 |
The Fidelity Frog?
| (4)
02/05/06 |
Fidelity's Super Bowl Play
| (9)
01/24/06 |
Small print "uncertainties" in emerging markets
| (1)
01/22/06 |
The Strotman Memo: Widespread Fidelity 401K Fraud?
01/12/06 |
Fidelity Magellan on a rebound?
12/23/05 |
Suggestion to Fidelity's trustees: Withdraw Gates appointment, unless ...
12/23/05 |
Fidelity's push into catering
12/19/05 |
Fidelity Labs -- what is it?
11/29/05 |
Big changes at Fidelity, and what it means for you
| (2)
11/18/05 |
Fidelity's special service for retirees
11/14/05 |
Fidelity's tool for the ultra rich
| (2)
10/25/05 |
Fidelity's deceptive advertising, part I
| (1)
10/23/05 |
Pet peeve: Fidelity receipts and the three-hole punch
10/23/05 |
Tip: "Cost" view in Fidelity.com
