A former compliance officer at Fidelity Investments has accused the mutual fund giant of engaging in %26quot;willful blindness%26quot; to sidestep and in some cases violate the Patriot Act and other laws aimed at tracking money laundering and funding for terrorists.
The accusations triggered a flurry of lawsuits in courtrooms from Boston to Plymouth [...]
RESEARCH TRIANGLE PARK - Fidelity Investments is hiring at such a torrid pace that it%26#39;s creeping up on leasing 1 million square feet of space to house workers until its $100 million campus in RTP is built.
The company, which has promised to have 2,000 new workers by the end of 2009 on [...]
Fidelity Investments is opening a 5,700-square-foot, free-standing office in Germantown and closing its office in the Regalia Center later this month.
Dwayne Craft, investor center manager for Fidelity’s Memphis office, says the new office at 7628 W. Farmington is scheduled to open June 25. Construction began in November. Fidelity declined to provide its investment [...]
Fidelity Investments has the deep pockets and brand recognition to make an immediate splash in virtually every area of the money management industry, and it has flexed that muscle repeatedly over the last 61 years. So why is it taking such a cautious approach with the wealth advisory business?
For the past six months, [...]
Fidelity Investments has reorganized its little-known private equity affiliate by assembling a new management team, raising a $500 million fund and renaming the outfit Fidelity Equity Partners.
The buyout shop is based in Boston and is run by managing partner Rob Ketterson, who also oversees Fidelity’s venture capital arm, Fidelity Ventures. The new private [...]
Fidelity Investments has launched three new mutual funds targeting international real estate stocks, Canadian stocks and small-cap stocks.
The funds are part of Fidelity%26#39;s Advisor family, which now boasts 99 offerings targeting a slew of specific industries and disciplines. The Advisor funds are primarily sold to financial planners, brokers, banks and other third-party financial [...]
Fidelity Investments has long been a favorite whipping boy for unions, politicians, pension funds, newspapers, competitors … well, you get the picture.
Some of that criticism has been well deserved; other shots have been unwarranted. The company%26#39;s recent tangle with humanitarian groups over its investments in PetroChina Co. Ltd. (NYSE: PTR) seems to fall [...]
Fidelity Investments isn’t used to being fifth — at anything.
Nonetheless, the local mutual fund giant was outpaced by four of its Boston-based competitors last month when it came to collecting new money from investors. The dismal April showing placed Fidelity even behind the industry’s top 25 fund-raisers, trailing the likes of such fund [...]
“States have the means to control their destinies. They just have to have the political will to do so,” said Katherine Barrett, co-author of the report, “Promises with a Price.”
Well-funded states, she added, plan carefully, assess whether they can afford new benefits and make payments each year to defray the costs.
On the pension side, [...]
This isn’t simply about coughing up dollars and cents, though the sums involved have been frighteningly large. Rather, what it’s really about is passing along values.
Yes, I want my kids to be financially successful. But mostly, I want them to be competent, contented managers of their own money, so they don’t spend their [...]
