just did something that no Fidelity
] PM since Peter Lynch
has done; Danoff just starred
in a commercial.
| Will Danoff|
Vice President, Portfolio Manager
Tim McLaughlin of Reuters reported
on the new television commercial, which was slated to debut yesterday.
Back in 1998, Lynch starred in a Fido TV ad campaign with Lily Tomlin. That was eight years after the end of his 13-year, 29-percent-returns-per-year run PMing Fidelity Magellan
Danoff is already getting famous for PMing the Fidelity Contrafund
, which he has run for more than 25 years. And unlike Lynch, he's still PMing.
| Peter Lynch|
Former Magellan Fund Portfolio Manager
article puts the ad in the context of the fight by Fido and others to get the word out about the value of long-term, active asset management. Indeed, Danoff has racked up a strong long-term track record running the Contrafund, and the ad is all about long-term results: it features a letter that two parents sent Danoff in 1993 when investing in the Contrafund in their 529 for their then-one-year-old son; that letter is taped to the glass in Danoff's office.
Neil Anderson, Managing Editor
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