Fidelity Investments named new managers to oversee several of its mutual funds, including the $4.4-billion Fidelity Aggressive Growth Fund (FDEGX). Fidelity also noted that two of its portfolio managers are leaving the company.
Steven C. Calhoun took over the Aggressive Growth Fund and Fidelity Advisor Aggressive Growth Fund/A (FGVAX), succeeding Rajiv Kaul, who continues as a analyst.
Ranked 3 Stars by Standard & Poor’s the Fidelity Aggressive Growth Fund has slipped 1.08% year-to-date through June 17.
Calhoun continues to co-manage the Fidelity Mid Cap Stock Fund (FMCSX) with Shep Perkins.