, 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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