Fido Managers Move On
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an InvestmentWires' Publication
Tuesday, April 16, 2002

Fido Managers Move On

The two Fidelity fund managers who won portfolios in wake of American Express' raid on the Boston fund behemoth have wasted no time in remaking their portfolios, reports Bloomberg.

John Avery (who replaced Nick Thakore) has added General Electric and Citigroup to the top ten holdings of the Fidelity Fund. Meanwhile, Tim Cohen (replacing Doug Case) has made a 7.4 percent bet on telecommunications stocks (up from 1 percent).

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