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Rating:A Fidelity Team Sets Sail On Its Own Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 13, 2011

A Fidelity Team Sets Sail On Its Own

News summary by MFWire's editors

Fundsters interested in Fidelity's [see profile] work outside of traditional equity and fixed income investing may want to take a peek at the Boston Globe. Chris Reidy reports that the former chiefs of the Boston-based mutual fund giant's real estate group just launched their own firm, Long Wharf Real Estate Partners, also in Boston. Fidelity first launched the team in 1995.

It appears that the 25-professional team will serve as a sub-advisor for Fidelity, to continue managing a pair of "value-added real estate funds with aggregate committed capital of $1.5 billion," for institutional investors. Long Wharf's managing directors are John Barrie, Michael Elizondo, Jeffrey Gandel and Jeffrey Tapley

Edited by: Neil Anderson, Managing Editor

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