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 |
|
Friday, September 20, 2013 Has Fido's Danoff Found his PM Heir? Does this Batman have a Robin? Reuters' Tim McLaughlin reports that Fidelity Investment [profile] PM William Danoff has a new partner assisting him, New Millennium Fund manager John Roth. Danoff asked for Roth to be assigned as co-PM of Fidelity Advisor New Insights Fund, which has $23 billion in assets, McLaughlin writes. McLaughlin's sources theorize that Roth has been picked as Danoff's eventual successor on the $97 billion Contrafund. Some sources, however, don't think Danoff is going anywhere anytime soon. "I don't expect Will to come to me and say 'Gee, Brian, I'm ready to ride off into the sunset.'…I expect he'll be doing this five, seven, 10 years and beyond," McLaughlin quoted Brian Hogan, president of the equity group at Fidelity as saying. McLaughlin paints the two men as an odd couple, with Danoff as Oscar and Roth as Felix. To read more, click here and here. Printed from: MFWire.com/story.asp?s=46149 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |