is getting more work. The famed manager of the Fidelity Contrafund
will be taking over a second and new mutual fund aimed at financial advisors. The fund will be available exclusively through financial advisors at banks, brokerage firms and insurance companies, according to Fidelity officials. The new fund is the Fidelity Advisor New Insights Fund
, a flexibly managed equity fund.
"The advisor marketplace continues to be a growing business for Fidelity, and the appointment of Will Danoff to manage this fund provides advisors with one of the very best Fidelity has to offer," stated Marty Willis
, executive vice president at Fidelity Investments Institutional Services Company.
"Having the ability to invest in all market capitalizations across 'growth,' 'value,' or a combination of the two, allows the new fund to take advantage of emerging growth opportunities, while also potentially avoiding areas of the market that may be out of favor," said Willis.
Danoff has been at Fidelity since 1986 and has gained fame for his track record managing both the registered fund and variable annuity versions of Contrafund.
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