MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, February 25, 2010 Fidelity Top Brass Spins Falling Revenue into Increased Profits Fidelity Investments chalked up operating income of $2.5 billion last year, up 5 percent from 2008, Reuters reports. The increase was driven mainly by cost-cutting efforts. The Boston Behemoth pulled in revenue of $11.5 billion, down 11 percent from the year before. Fidelity saw net inflows of $31.4 billion to its funds in 2009. Printed from: MFWire.com/story.asp?s=27394 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |