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Fidelity cuts fees on target-date funds
trueFidelity Investments is becoming aggressive in the low-cost battle against index fund giant Vanguard Group.
Kohler sinks 401(k) assets into 2 new options
trueKohler Co., Kohler, Wis., is adding the Fidelity Small Cap Discovery Fund and the Oakmark International Collective Fund as investment options in its 401(k) plan.
Fidelity late but not too late with new ETFs
trueFidelity is making its first big leap into the exchange-traded fund space on Thursday with the launch of 10 sector ETFs, but the question remains: Is it too little, too late?
Shutdown foils asset owners and managers
trueThe political paralysis in Washington that shut down the federal government Oct. 1 and is bringing the U.S. within days of breaching its debt ceiling is taking a toll on institutional investors, from spiking short-term borrowing costs and market uncertainty to general frustration.
Fidelity boosts equity allocations in target-date strategies
trueFidelity Investments will boost equity target allocations in most of the portfolios in its Fidelity Freedom target-date fund strategies.
Class grows bigger in Fidelity profit sharing plan lawsuit
trueA new slate of plaintiffs has joined a federal lawsuit against Fidelity Investments that alleges the firm put its own workers into costly proprietary funds in the firm's profit-sharing plan even though cheaper options were available.
Fidelity Worldwide names new manager for Special Situations Fund
trueAlex Wright was named portfolio manager of the Fidelity Special Situations Fund at Fidelity Worldwide Investment.
Fidelity 401(k) client account average balance dips in quarter, up 10.7% in year
trueThe average account balance for participants in 401(k) plans that have Fidelity Investments as their record keeper was $80,600 for the quarter ended June 30.
Blackstone partners with Fidelity for hedge fund mutual fund
trueThe Blackstone Group has partnered with Fidelity Investment's Portfolio Advisory Service to launch its first daily valued alternative investment-focused mutual fund.
Fidelity names new head of its Australian business
trueMichael Bargholz was named managing director of FIL Ltd.’s business in Australia.
Fidelity parent asks court to dismiss suit on 'self-dealing' in 401(k) plan
trueFMR LLC, the parent of Fidelity Investments, asked a U.S. District Court in Boston to dismiss a lawsuit that accuses Fidelity's own 401(k) plan of “self-dealing” to the detriment of plan participants, confirmed Vincent Loporchio, a spokesman for FMR.
Fidelity 401(k) client account average balances hit $80,900
trueThe average account balance for participants in 401(k) plans for which Fidelity Investments is the record keeper achieved a record high of $80,900 for the quarter ended March 31.
Willamette University adds 2 investment options to 403(b) plan
trueWillamette University, Salem, Ore., added money market and stable value investment options to its 403(b) plan.
Firms go extra mile to help marathon bombing victims
trueMoney managers in Boston stepped up to the plate to contribute to One Fund Boston, created by the city of Boston and the state of Massachusetts to assist families of the three people killed in the April 15 Boston Marathon bombings and the scores who were severely injured.
Hedge funds zoom in on mutual funds
trueHedge fund managers are looking to the mutual fund industry for their next source of growth.