MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, January 15, 2008 Magellan is the Word The name Magellan is on everyone in the fund world's, including Jennifer Levitz, who penned today's WSJ Fund Track column. Yesterday Fidelity re-opened its flagship fund for the first time in 10 years (see "Magellan Sails Again," January 14, 2008). Harry Lange, Magellan's portfolio manager, is quoted as saying in a conference call yesterday that the re-opening of the fund is best for shareholders because then he wouldn't have to start "selling into the meat and bone" of the fund to pay future redemptions. Printed from: MFWire.com/story.asp?s=17130 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |