American Express is putting its newly hired recruits from Fidelity to work as it officially opened its AXP Large Cap Equity Fund today. Robert Ewing and Nick Thakore today took portfolio responsibilities for AXP Mutual Fund and AXP Growth Fund respectively.

"We are thrilled to have the Boston team now managing money for us," said Paula Meyer, vice president and managing director, American Express Funds. "Their skills are an outstanding complement to our core investment capabilities in Minneapolis, and our clients and advisors can be confident that each location will leverage the other's strengths and resources."

Doug Chase is manager of the AXP Large Cap Equity Fund (see "AMEX Intros New Equity Funds, March 11, 2002") which is being sold through American Express financial advisors, American Express Brokerage and select American Express retirement plans.  

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