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Rating:Amex Funds Raids Fido -- Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 15, 2002

PEOPLE
Amex Funds Raids Fido -- Again

by: InvestmentWires Staff, 

American Express continues to put the move on Fidelity. Amex lured a fourth Fidelity fund manager -- Telis Bertsekas, head of Fido's tech analyst team -- to its newly opened Boston office. Observers see the assault as a direct attack on designed by Amex Funds to gain market share. The willingness of Fidelity managers to jump to another institutional giant may also signal in the evolution of the Boston Behemoth. Indeed, the moves have stirred Abbie Johnson to arrange a meeting with portfolio managers next week, according to the Boston Globe. The paper adds that Fidelity may also hike pay to fend off further raids. Fidelity said Sonu Kalra is taking Bertsekas' duties.  

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