"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"
Tuesday, January 15, 2008
Magellan Fund, Closed in ’97, Will Reopen - New York Times
Magellan Fund, Closed in ’97, Will Reopen - New York Times:
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1 comment:
Hmm...the Magellan...haven't heard about that fund in a while. I suppose this is a good opportunity to talk about guys like Peter Lynch and contrast that with Efficient Market Hypothesis.
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