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Fidelity Denies Reuters Report It Favored Its Venture Group Over Mutual Funds

TedTed
in Fund Discussions
FYI: (Reuters Report Is Linked Below)
Fidelity Investments on Wednesday refuted a Reuters news service article that contends the Johnson family, which runs the mutual fund giant, creates a conflict of interest by also having a private venture-capital business that competes for access to stocks.
Regards,
Ted
http://www.investors.com/etfs-and-funds/mutual-funds/fidelity-owners-can-make-lucrative-investments-before-their-funds-reuters-says/

Reuters Report: Family First: How The Owners Of Fidelity Get Richer At Everyday Investors’ Expense
http://www.reuters.com/investigates/special-report/usa-fidelity-family/

Comments

  • MOZART325
    The article does not mention any investments where F-Square lost money (which presumably would have saved the mutual funds money). Does anyone know what the long term returns have been for F-Square?
  • MOZART325
    oops, I meant F-Prime, not F-Square
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