MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 5, 2007 Ren Cheng Gets a Promotion Ren Cheng will be taking over chief investment officer for Fidelity's lifecycle and asset allocation funds. The post is newly created. The funds now account for $130 billion, or nearly 9 percent, of Fidelity's AUM. Before the promotion Tuesday, Cheng was a portfolio manager for Fidelity's Freedom funds and head of the lifecycle investment group. He will oversee a team of 12 portfolio managers and analysts. Reuters reports that Christopher Sharpe is now co-manager of the Freedom funds succeeding Cheng. Printed from: MFWire.com/story.asp?s=15624 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |