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Rating:Political Contributions Draw Attention to Fidelity Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 01, 2009

Political Contributions Draw Attention to Fidelity

News summary by MFWire's editors

Political contributions from some of their employees have pushed Fidelity, State Street and other financial services firms into the heart of a discussion about Massachusetts' pension fund. The Boston Herald's Jerry Kronenberg reports that Fido employees recently gave about $166,000 to political candidates in Massachusetts, while a State Street political action committee gave to both State Treasurer Tim Cahill and his opponent in 2002.

According to the Herald, Fidelity handles part of the state pension's junk bond portfolio. 

Edited by: Neil Anderson, Managing Editor


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