[Mutual fund investors will share in the pain.] The funds that will probably be hit the hardest are the growth and income funds, ... They tend to overweight as much in financials as growth funds overweight in technology. |
Beth is clearly one of their big names. The good news is she's not leaving to start a hedge fund. |
Charles Mangum in bull and bear markets has been consistently able to outshine not only the S&P, but the benchmarks of all of the funds he's managed and his peers in those groups. |
Fidelity and others understand that beating Wall Street these days is half the battle. You've also got to be able to play on Pennsylvania Avenue. |
Fidelity has an above average number of talented managers, ... They're the best in the business. |
Harry Lange couldn't be a better pick to run Magellan. |
He certainly has the right mosaic of experience to be able to manage Fidelity Fund well, |
He may not have had a choice. If Peter had control over it, he wouldn't have sold. His loyalty is very deep. It's not a vote of no-confidence. |
I don't know what it is, I would rather see him go to 20 percent cash if he's looking for a defensive place. |
I don't think it's a big deal at all, unless you're invested in high yield, |
I think this is a case (with the Value fund) where you buy a fund, not a manager, |
I've never seen the (cash levels) this high. |
It makes great strategic sense, |
It may be Abby building her own bench of advisers, |
It means that without having to do any additional marketing, money will flow through their retirement-account pipelines directly to them. And anytime you can get a government to build a door that goes directly to your shop, well, why not. |