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Fidelity's New Asset Allocation Head Tasked With Stemming Outflows

TedTed
in The Bullpen
FYI: Fidelity Investments has lured an executive from a rival firm to help stem billions of dollars in outflows from its flagship retirement franchise.

The mutual fund giant said on Wednesday it had hired AllianceBernstein executive Vadim Zlotnikov to take over its $440 billion global asset allocation division. Zlotnikov will report directly to Charlie Morrison, Fidelity’s head of asset management.
Regards,
Ted
https://www.reuters.com/article/us-funds-fidelity-zlotnikov/fidelitys-new-asset-allocation-head-tasked-with-stemming-outflows-idUSKBN1FR2T1
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