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Fidelity Manager Prefers "Cheap Stocks"
Thursday, November 18, 2010 - 9:49am | 149Read More...Fidelity Investments' Mark Notkin said that high yield, junk debt has had its run, and now is the time to move into "cheap stocks." “I don't see the value in the high-yield market,” Notkin said. “You are not being paid to take risk.” Some of his picks have performed tremendously, since he began...
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401(k) Hardship Withdrawals at 10-Year High
Friday, August 20, 2010 - 8:56am | 208Read More...401(k) Hardship Withdrawals at 10-Year High The Associated Press is reporting that new applications for hardship withdrawals from 401(k)s have reached a 10-year high, according to a report issued by Fidelity Investments. The report cited increasing applications for unemployment benefits, large cuts...
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Fidelity Restructures Its Top Management (BK)
Tuesday, May 11, 2010 - 1:18pm | 155Read More...Fidelity Investments has reorganized its top echelon management. The mutual fund behemoth has hired a top Bank of New York Mellon Corp. (NYSE: BK) executive for its asset-management business. The insurer has also expanded the scope of power of Abigail Johnson, the daughter of its chief executive,...
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Fidelity Restructures Its Top Management (BK)
Tuesday, May 11, 2010 - 1:18pm | 155Read More...Fidelity Investments has reorganized its top echelon management. The mutual fund behemoth has hired a top Bank of New York Mellon Corp. (NYSE: BK) executive for its asset-management business. The insurer has also expanded the scope of power of Abigail Johnson, the daughter of its chief executive,...
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Fidelity Investments President Announces Retirement
Wednesday, January 20, 2010 - 6:32pm | 176Read More...The number two executive at one of the largest mutual fund groups in the world has announced plans to retire. Fidelity Investments’ President Rodger Lawson will step down at the end of March. Fidelity has been controlled by the Johnson family since it was founded by Chairman Edward C. “Ned” Johnson...
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The Worst Mutual Funds of the Decade -Fidelity Growth Strategies tops the List
Thursday, December 31, 2009 - 3:04pm | 278Read More...Bloomberg reports on the decade’s worst performing, large mutual funds. These are funds that still manage over one billion in assets, in spite of the large decline. Topping the list is Fidelity Growth Strategies (FDEGX), with a walloping 67% loss. Vanguard U.S. Growth (WWUSX) was down 50% to earn...
