Fido execs roll over
From The Wall Street Journal
J. Gary Burkhead, vice chairman of Fidelity and president of its personal-investments and brokerage group, is retiring, but will remain on the company's board. Burkhead, 58, is a 17-year Fidelity veteran and close adviser to Chairman Edward C. "Ned" Johnson III, whose family controls the closely held company. In another move, Stephen Cone, Fidelity's president of marketing, will move to Citigroup in February. Gail J. McGovern, 48, who currently oversees retail distribution, will succeed both. The announcement comes two weeks after Fidelity announced that George Vanderheiden, a board member and manager of $36 billion in funds, is retiring at a time of weak investment performance.

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Munder looks e-broad
From Morningstar.com
Munder has registered a new offering, the Munder International Internet Fund, which will focus on net firms outside of the U.S. According to its prospectus, the fund will typically keep 65% of its assets overseas. The only other international Internet fund is Kinetics' Internet Global Growth Fund, which launched in January. Analysts see the potential for explosive growth in Europe, which is the thought to lag 2-3 years behind the U.S., but they disagree on the best way to capitalize on that potential.

Buy fund, get toaster
From USA Today
In an effort to attract customers in an increasingly competitive market, mutual fund companies are handing out free gimmes like ski-lift tickets and magazine subscriptions. The incentives are an attempt to fight investor's move from funds to stocks, and to enable smaller funds to make an impact in a world that seems to be ruled by Janus and Vanguard.  

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