Beth is clearly one of their big names. The good news is she's not leaving to start a hedge fund.
More Quotes from Jim Lowell:
This move reflects the fact that Fidelity, while not directly acknowledging it, is tacitly admitting what we all know that the fund business is maturing, while the other two areas affected by today's announcements, namely the venture capital side and retirement services, have long-term prospects for significant growth,Jim Lowell
I don't think it's a big deal at all, unless you're invested in high yield,
Jim Lowell
Fidelity and others understand that beating Wall Street these days is half the battle. You've also got to be able to play on Pennsylvania Avenue.
Jim Lowell
He may not have had a choice. If Peter had control over it, he wouldn't have sold. His loyalty is very deep. It's not a vote of no-confidence.
Jim Lowell
The majority of Fidelity growth and growth income funds remained underweight technology - some by inches, and some by miles.
Jim Lowell
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