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Rating:Ren Cheng Gets a Promotion Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, September 05, 2007

Ren Cheng Gets a Promotion

by: Sean Hanna, Editor in Chief

Ren Cheng will be taking over chief investment officer for Fidelity's lifecycle and asset allocation funds. The post is newly created. The funds now account for $130 billion, or nearly 9 percent, of Fidelity's AUM. Before the promotion Tuesday, Cheng was a portfolio manager for Fidelity's Freedom funds and head of the lifecycle investment group. He will oversee a team of 12 portfolio managers and analysts. Reuters reports that Christopher Sharpe is now co-manager of the Freedom funds succeeding Cheng. 

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