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Rating:Some Bad Financial Bets Cost Magellan Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 01, 2008

Some Bad Financial Bets Cost Magellan

by: Erin Kello

Harry Lange, manager Fidelity's flagship Magellan fund, made some some bad bets on now battered companies that have cost his fund. In Wednesday's WSJ Fund Track, Jon Kamp reports that due to late purchases of AIG and Morgan Stanley shares among others, Magellan is down 30.6 percent so far this year. The fund's decline outpaced peer groups and the S&P 500 index.  

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