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 |
|
Thursday, October 25, 2007 Fido See, Fido Do Fidelity is rethinking its approach to managing mutual funds in the wake of big asset gains by competitors, according to the WSJ. The pub reports that Fidelity will be announcing the formation of a "multi-manager group," to be led by former Magellan front man, Robert Stansky. The new group will also have eight other members. Ned Johnson, who has always been a proponent of the "star" manager model, has recently seen the success American Funds has been having with the multi-manager approach and feels that it is worth a try, sources told The Journal. Printed from: MFWire.com/story.asp?s=16211 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |