Filed under: Investing Basics, Investment
It isn't easy to manage a $17 billion mutual fund these days. No one knows that better than Harry Lange, who was just booted from the helm at Fidelity Magellan (FMAGX), the iconic mutual fund that Peter Lynch put on the map.
The Harvard MBA's tenure had been disappointing since he took over the fund in late 2005. It has truly been a lost decade for the rock star fund that had roughly $100 billion in assets before the tech bubble burst. According to Morningstar, Fidelity Magellan has...
4 Signs It's Time to Dump Your Mutual Fund originally appeared on DailyFinance.com on 2011-09-16T13:30:00Z.
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