Fidelity Uses Star Managers for New Fund

A new Fidelity mutual fund that will be available only to Canadian investors will be run by two of the firm’s most successful managers, William Danoff and Joel Tillinghast. This according to a recent article in Bloomberg. The new fund, Fidelity Global Growth and Value Class, “marks the first time the managers will run a fund together,” according to the article, which says the fund’s goal is to “achieve long-term capital growth by investing in… Read More

After 20 Years of Beating Market, Danoff Talks Strategy

The Boston Globe has a feature today about Fidelity Contrafund manager William Danoff, who has compiled one of the best long-term track records in history and today reaches the 20-year mark of heading the fund. Since he took over, Danoff’s fund has generated average annual returns of 12.2% — nearly 4 percentage points better than the S&P 500’s 8.3% annualized return over that period (through Aug. 31), according to the Globe. Over the past 15… Read More