Monday, January 14, 2008

Magellan Fund, Closed in ’97, Will Reopen - New York Times

Magellan Fund, Closed in ’97, Will Reopen - New York Times: "For the first time in a decade, new investors will be able to put money into a mutual fund that helped fuel Fidelity Investments’ rapid growth in the 1980s and 1990s, but has recently lost many retirement-age investors as they withdraw cash.Fidelity said on Monday that it would reopen its $44.8 billion Magellan Fund to new investors"

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