Mutual Fund Show And TellDean Foust
Imagine how outraged shareholders would be if they learned that a successful CEO had retired--and the company hadn't bothered to tell anyone. But that sometimes happens with mutual funds. Despite the celebrity status achieved by a handful of managers such as Peter Lynch, formerly of Fidelity's Magellan Fund, companies have been loath to identify--much less promote--the movers behind the funds. And funds haven't always alerted investors to the departure of a popular manager if they feared the news would trigger redemptions.
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