handed the reins of the $6.2 billion Fidelity Growth & Income Portfolio
to 12-year company veteran James Catudal
, according to an announcement
posted on Fidelity's Web site
. Catudal succeeds Timothy Cohen
at the helm
of the fund.
notes that the fund fell 50.9 percent last year, compared with a 37-drop by the Standard & Poor's 500 index.
Catudal will continue to run the Fidelity Advisor Growth & Income
, the VIP Growth & Income Portfolio
and Stock Selector Fund
He previously worked at State Street Research and Management as an equity analyst.
Armie Margaret Lee
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