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, February 13, 2002 Fido Scribe Starts Hedge Fund Fidelity may be losing some of the spotlight, and perhaps assets, to former fund managers. Eric Kobren, author of Fidelity Insight, is now directing wealthy investors and institutions into hedge funds run by ex-Fidelity portfolio managers. Kobren is recommending 11 hedge funds run by ex-Fidelity staff through a fund-of-funds approach, reports the Boston Globe. The minimum purchase through Kobren's fund is $1 million and it levies an 80 basis point advisory charge and a 500 basis point performance fee. Kobren's newsletter has been seen by some as influential in driving assets into highlighted Fidelity funds. Printed from: MFWire.com/story.asp?s=1854 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |