The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fidelity Adds to its Money Market Staff Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 24, 2011

Fidelity Adds to its Money Market Staff

News summary by MFWire's editors

Despite the challenges facing money market fund providers, at least one mutual fund firm is making additions to its money market team. Robert Brown, who heads Fidelity Investments' [see profile] money market business, told The Boston Globe's Todd Wallack that he is adding to his staff.

"We’re managing the business for decades, not for 12 or 24 months," Brown was quoted in the article as saying.

Brown did not say how many staffers he is adding.

The Globe article, published over the weekend, took a look at the challenges money market players are facing, the biggest of which are record low interest rates. The article also noted that investors took out $1.2 trillion from money market funds over the past three years. Assets in money funds now total $2.6 trillion.  

Edited by: Armie Margaret Lee

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use