Fundsters and other Fidelity [see profile] watchers may want to take a gander at this morning's edition of the Boston Herald. Greg Turner reports that Crosby Advisors, a company that manages money for Fidelity chief Ned Johnson and scion Abby Johnson, quietly moved from Fido's 82 Devonshire Street headquarters in Boston to Salem, New Hampshire in October.

Though the report comes in the wake of Fidelity's revelation of plans to shutters its Marlboro offices and shift most of those 1,100-plus employees to Merrimack, New Hampshire and Smithfield, Rhode Island, the Herald notes that Crosby's move may simply relate to New Hampshire's favorable tax law regarding trusts. 

Edited by: Neil Anderson, Managing Editor


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