Tag Archives: mutual-fund-giant


AIG share crash means more pain for top U.S. funds

Reuters – Fidelity Investments’ Harry Lange, manager of its one-time star Magellan fund, made what now looks like a poorly timed move in June: he nearly doubled his holdings of AIG. Lange, who has already seen other financial bets sour, […]

Top funds may have lost $4 bln on Freddie and Fannie

Reuters- Some of the best known U.S. fund firms probably suffered significant losses in last week’s meltdown in the stocks of mortgage finance agencies Fannie Mae and Freddie Mac. Among the casualties may be the one-time star stock-picker Bill Miller […]

‘130/30′ funds come up short of long-only peers

Baltimore Sun- Mutual fund companies come up with "new ideas" all the time, but most don’t gain any traction. So when Fidelity Investments joined the latest trend this month and opened a "130/30 fund," it signaled that the newest fad […]

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