Magellan: What To Expect From Stansky

His straitlaced approach may master the monster fund

The pay isn't shabby--perhaps $5 million a year or more. The resources are enormous: an army of research analysts and the latest investment technology at your disposal, plus a trading desk that can buy or sell thousands of shares without revealing your identity. Despite these advantages, it is becoming increasingly difficult to make the Fidelity Magellan Fund live up to its exemplary past performance. On June 3, Fidelity veteran Robert E. Stansky becomes the third manager to run Magellan since Peter S. Lynch's 13-year reign ended in 1990. He succeeds Jeffrey N. Vinik, 37, who left to launch his own firm.

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