Fidelity would not confirm the scale of the redunancies but the Financial Times reports a cull of up to 170 jobs.
The newspaper says the redunancies will mostly hit the support services and marketing departments. Investment Banking It says the cull will include 100 redundancies and Fidelity will not refill positions as they become vacant.
A spokesman [...]
Fidelity International is planning to cut staff and crimp costs despite steady investment performances, as UK fund managers batten down the hatches in expectation of tougher times brought on by the credit crunch.
Fidelity said this morning it was looking “across the business” at making savings, which may or may not include redundancies or choosing not [...]
Starting financial planning at a young age always pays in the long run Investment Opportunity. The power of compounding and a systematic approach to investments (especially in equity related instruments) would help you achieve your goals with ease. But one needs to be realistic and patient when it comes to creating wealth.
The compounding effect [...]
There’s a strong case for investing in behemoths for shelter from an economic hailstorm. These companies tend to have stronger balance sheets and a higher proportion of overseas sales than their smaller brethren. Their stocks are more insulated from general market swoons. Fidelity Mega Cap, under its new mandate and manager, is a fine option [...]
Fidelity Management & Research’s gave its stamp of approval to Ambac Financial Group on Thursday, but the move was overshadowed by the revelation that JPMorgan Chase slashed its stake in the ailing bond insurer.
Fidelity Management & Research, acts as an investment adviser to Fidelity Investment’s family of mutual funds, and is Ambac’s largest shareholder.Investment Advice [...]
The Financial Planning Association and Fidelity Investments are offering independent financial advisers an opportunity to take part in the FPA practice-management score-card-benchmarking program at no cost.
The FPA Practice Management Scorecard , which helps financial planners establish financial goals and evaluate their progress, allows a planner or financial adviser to compare their business to similar businesses [...]
Jerry Sullivan, award-winning fund manager at American Century Investments, has made the most of an investment tip he got as an analyst at Fidelity Investments from famous investor Peter Lynch in the 1980s.
“On a sheet of rules for investing that he handed out, the first rule on when a stock was ripe to buy was [...]
Nothing says futility like an investment in an equity fund that lags the returns of five-year guaranteed investment certificates.
The five-year GIC is the default investment of the risk-averse members of our population. Returns are low, but the chances of losing money are as close to zero as you can get without actually using the term [...]
The days of picking a party’s presidential candidate in a smoke-filled back room are over Investment Services. Now, the party bosses go straight to the television cameras to try to publicly muscle candidates out of the race.
Another unabashed attempt to shove Sen. Hillary Clinton out of the race for the White House emerged this [...]
An assortment of passengers dressed comfortably for warm, spring weather. Check.
It would be easy to mistake the bus tour that Carson City couple Dante and Cindy Turiczek signed up for as a typical weekend getaway. But this tour traded in lake views and mountain vistas for a different kind of scenery: foreclosed homes.
“We’re first-time homebuyers, [...]
