MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Fidelity Dividend Growth manager change

goldenwaterox
edited December 2013 in Fund Discussions
Big news at Fidelity

I see that the Lawrence Raker is being replaced at Fidelity Dividend Growth by Ramona Persaud. What happened to Raker? What do you think of Persaud?

Comments

  • TedTed
    edited December 2013
    Dear Goldenwaterox: Rakers, who had run the funds since 2008, will take a position within Fidelity’s global asset-allocation unit, said Nicole Goodnow, a spokeswoman for the Boston-based firm.
    Regards,
    Ted

    Forgot Article Link: http://www.investmentnews.com/article/20131226/FREE/131229962?template=printart
  • STB65
    At first I just thought Fido was reaching for another star (a M*, that is) to bump the fund above its 3-star rating, but the YTD percentile rank of the reliever is 51 vs 54 for the departing pitcher. (The dividend growth fund reportedly slightly exceeds its category and has a 6 precentile 5 yr ranking.)

    Strange to select someone running an undistiguished global fund as a replacement.
Sign In or Register to comment.