Magellan Fund Reopens to New Investors
Advisors will be able to buy Fidelity's Magellan fund for new investors for the first time since September 30, 1997, Fidelity Investments announced on January 14. Because of redemptions by investors who had invested in Magellan for their retirement accounts, and are now poised to take distributions, the fund has...
Fund in Focus: Fidelity Magellan
Harry Lange, manager since Oct. 31, 2005 S&P Rank: 2 Stars A New Cowboy Rides Herd
Magellan Manager Steps Down
The manager of the struggling Fidelity Magellan Fund (FMAGX) has stepped down. Fidelity Investments announced on October 31 that Robert Stansky retired from the $52.4-billion fund,...