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The Fidelity Magellan Fund (Mutual fund: FMAGX) is a U.S.-domiciled mutual fund from the Fidelity family of funds. [1] It is perhaps the world's best-known actively managed mutual fund, known particularly for its record-setting growth under the management of Peter Lynch from 1977 to 1990. [ 2 ]
Beyond the rising volume of data, the continuing evolution of complex derivatives and indices, along with new regulations designed to contain risk and protect markets and investors, created more operational demands on market data management. Initially, individual financial data vendors [4] provided data for software applications in financial ...
In June 2000, the company formed a joint venture with the Financial Times [7] with Peter Bale as managing editor. [8] In January 2004, Calandra resigned amidst allegations of insider trading. [5] In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share. [9] In May 2016, MarketWatch hired Dan Shar as general ...
Peter Lynch (born January 19, 1944) [1] is an American investor, mutual fund manager, author and philanthropist.As the manager of the Magellan Fund [2] at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, [3] consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.. Established in 1946, the company is one of the largest asset managers in the world, with $5.8 trillion in assets under management, and $15.0 trillion in assets under administration, as of September 2024
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[2] This strategy has changed since the 1990s to become a fund focused on growth investing in large companies, and the Contrafund's strong history of growth has led to its being "a stalwart of many 401(k) plans". [2] In 2015, Danoff's 25-year solo management became an issue of concern as Fidelity had not named a co-manager for Contrafund. [3]
Today, Fidelity International handles investments for clients in Europe, Canada, EMEA and Asia, while the US-based Fidelity Management and Research handles investments for clients in the USA. In the same year that it was established, an office was opened in Tokyo, [ 4 ] followed by London in 1973, [ 5 ] Hong Kong in 1981 [ 6 ] and Taipei in 1986.