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Fidelity Taps Firepower of Star Managers for New Mutual Fund

  • Danoff, Tillinghast will run fund available only in Canada
  • Both have crushed their benchmarks for almost 30 years
Fidelity Investments

Photographer: JB Reed/Bloomberg

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Fidelity Investments started a new mutual fund and tapped two of its most successful managers, William Danoff and Joel Tillinghast, to run it. There’s just one catch: it’s only available to Canadian investors.

Fidelity Global Growth and Value Class fund marks the first time the managers will run a fund together. The new product aims to achieve long-term capital growth by investing in companies anywhere in the world, according to a news release issued Thursday. It was created by Fidelity Investments Canada, which operates independently of the U.S. fund giant.