The lack of a clear succession plan at Fidelity has led to its name being thrown in the ring for a possible takeover target. Barron's reports while Ned Johnson is still running the company a change of hands is not likely, but all bets may be off when Johnson is no longer at the helm. Another fund shop whose name has cropped up a a possible takeover target is Morgan Stanley. Under one scenario, according to the report, Morgan Stanley could form a strategic combination with another firm that would take over its retail fund business. However, a private equity executive Barron's interviewed believes that Morgan Stanley CEO John Mack is more of a buyer than a seller. 

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