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 |
|
Monday, December 5, 2011 Fido Small Cap Stock Gets A New Skipper There's a new skipper at the helm of Fidelity's $3.1 billion Small Cap Stock Fund. The Boston Behemoth tapped Lionel Harris to take over from Andrew Sassine as the fund's PM, Bloomberg News reports. The wire service notes that the fund trailed 98 percent of rivals this year. Over the past five years, the fund beat 53 percent of its peers. Sassine has gone on a six-month leave of absence and will look at other opportunities within the firm when he comes back, Fidelity spokeswoman Sophie Launay told Bloomberg. Prior to getting assigned to run the Small Cap Stock Fund, Harris managed the $1.7 billion Fidelity Small Cap Growth Fund. Patrick Venanzi will replace him as PM of that fund. Printed from: MFWire.com/story.asp?s=38485 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |