Asset management woes may be about to hit one of Fidelity's vendors. Last week Ignites and the Boston Globe reported that the Boston-based fund firm led by Ned Johnson is contemplating trimming up to 4,000 jobs (see MFWire, October 27, 2008), and now the Boston Herald's Jay Fitzgerald reports that Fido has canceled its accounting system contract with Bank of New York-Mellon's Eagle Investment Systems. Spokespeople for BoNY-Mellon and Fidelity both declined to comment. 

Edited by: Neil Anderson, Managing Editor


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