MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 30, 2012 At $100 Billion, Danoff's Pot is Again Largest Will Danoff is once again on top of the mutual fund world. Morningstar's Russell Kinnel writes that the PM of Fidelity Contrafund [profile] and Fidelity Advisor New Insights is handling twice the AUM of the second-closest solo, active, domestic-stock mutual fund portfolio manager. That amount is once again more than $100 billion. That is a lot of dough for one man to invest. Contrafund now holds $84 billion while Advisor New Insights claims $19 billion. Danoff first gained the title of "World's Largest Fund PM" more than 15 years ago when he handled $25 billion for Contrafund. Over the past decade he gained 9.25 percent with the fund but failed to hold the title. The number two manager on Morningstar's list is also from Fidelity: Steve Wymer PMs $44 billion in Fidelity Growth Company. T. Rowe Price Growth Stock [profile] PM Rob Bartolo comes in third with about one-third of the assets Danoff PMs. Printed from: MFWire.com/story.asp?s=39871 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |