Advertisement
HomeCollectionsMagellan Fund
IN THE NEWS

Magellan Fund

FEATURED ARTICLES
BUSINESS
By Julius Westheimer | October 2, 1998
What is behind the success of some of the well known investors?"We don't predict the stock market," Warren Buffett says. "You pay a very high price for a cheery consensus. I'd rather buy stocks when no one wants them than when everyone wants them.""There's a strong correlation between stock performance and what companies earn. In the past six years, corporate profits doubled and the market was up 2 1/2 fold." (Peter Lynch, former manager, Fidelity Magellan Fund)According to Forbes magazine, investors should: "Buy, don't sell.
ARTICLES BY DATE
BUSINESS
By JULIUS WESTHEIMER | September 1, 2000
WOULD YOU LIKE to know the five largest holdings of a highly successful mutual fund manager? Kiplinger's Personal Finance, October, has an article about Glen Bickerstaff, manager of TCW Galileo Select Equity Fund, who has "bettered the returns of the S&P 500-stock index each and every one of the past 10 years." His largest holdings are Charles Schwab Corp., Cisco Systems Inc., Dell Computer Corp., Home Depot Inc. and Intel Corp. "What I look for first is top-line revenue growth, the lifeblood of long-term total sustainable growth," Bickerstaff said.
Advertisement
BUSINESS
By JULIUS WESTHEIMER | September 1, 2000
WOULD YOU LIKE to know the five largest holdings of a highly successful mutual fund manager? Kiplinger's Personal Finance, October, has an article about Glen Bickerstaff, manager of TCW Galileo Select Equity Fund, who has "bettered the returns of the S&P 500-stock index each and every one of the past 10 years." His largest holdings are Charles Schwab Corp., Cisco Systems Inc., Dell Computer Corp., Home Depot Inc. and Intel Corp. "What I look for first is top-line revenue growth, the lifeblood of long-term total sustainable growth," Bickerstaff said.
BUSINESS
By Julius Westheimer | October 2, 1998
What is behind the success of some of the well known investors?"We don't predict the stock market," Warren Buffett says. "You pay a very high price for a cheery consensus. I'd rather buy stocks when no one wants them than when everyone wants them.""There's a strong correlation between stock performance and what companies earn. In the past six years, corporate profits doubled and the market was up 2 1/2 fold." (Peter Lynch, former manager, Fidelity Magellan Fund)According to Forbes magazine, investors should: "Buy, don't sell.
BUSINESS
By New York Times News Service | June 22, 1994
Fidelity Investments, the nation's largest mutual fund company, deliberately provided incorrect information on the value of its funds last week, causing newspapers to report that most Fidelity funds did substantially better than they actually did.A Fidelity spokeswoman, Constance Hubbell, said yesterday that the fund management company had not been able to calculate the value of 166 funds on Friday because of a computer problem.Rather than simply admit the problem, she said, Fidelity chose to report to the National Association of Securities Dealers (NASD)
BUSINESS
By JULIUS WESTHEIMER | May 3, 1996
LET'S KEEP things in perspective.Although yesterday's decline pushed the Dow Jones and other indices sharply lower, the Dow this morning stands 381 points above its Jan. 1 level and 1,126 points, or 25 percent, ahead of its perch a year ago today.May, has a worthwhile story, "Read Your 401(k) Statement and Reap." Excerpts:"Wondering what to make of that dense quarterly statement you just got from your company's 401(k) plan? Suggestions:"Make sure money deducted from your paycheck matches amount deposited in your fund.
BUSINESS
By BLOOMBERG BUSINESS NEWS | January 12, 1996
BOSTON -- Jeffrey Vinik, manager of Fidelity Magellan Fund, sold off an estimated $10 billion worth of technology stocks in November, dropping the fund's holdings of those stocks to 24.5 percent from 43.2 percent, beating declines in the shares over the past six weeks.Instead, Mr. Vinik began moving money into Treasury securities, according to a mutual-fund guide released last month by Fidelity Investments.The $53.7 billion Magellan Fund, the world's largest mutual fund, also held a large amount of Standard & Poor's 500 stock index futures at the end of November.
BUSINESS
By Samantha Kappalman | September 28, 1997
FIDELITY is closing its giant Magellan Fund to new investors on Tuesday. The $62 billion fund will still be open to hundreds of thousands of investors -- those who already own shares and participants in most group retirement plans where the fund is an existing investment option. Indeed, 401(k) plans account for more than 60 percent of Magellan's 4.3 million shareholders, and 73 percent of its assets are in retirement accounts.Magellan was the top performing fund over the last 20 years, but most of that came before the 1987 crash.
BUSINESS
By Bloomberg Business News | December 7, 1994
NEW YORK -- U.S. government bonds rallied yesterday and yields fell to their lowest point in seven weeks as inflation concern eased, but stocks ended mostly lower and the dollar was off slightly.The benchmark 30-year Treasury bond rose almost 1 point, or $10 per $1,000 bond, pushing the yield down eight basis points, to 7.84 percent. That's the lowest since Oct. 17, when it was 7.83 percent.Stocks fell as Orange County, Calif., sorted out the losses run up by its investment pool and as Fidelity Magellan Fund, the country's biggest mutual fund, said it wouldn't make an announced distribution of funds to shareholders.
BUSINESS
By BLOOMBERG NEWS | September 12, 1997
BOSTON -- Fidelity Investments' flagship Magellan Fund has attracted almost $70 million in the first 10 days of September following the company's decision to close its flagship fund, according to a research report.An estimated $68 million has flowed into the $60 billion Magellan Fund this month, as of yesterday, according to Alpha Equity Research Inc."That's not much relative to the size of the fund, but it's a huge improvement from earlier this year," said David O'Leary, president of Alpha Equity Research Inc., a research group that tracks Fidelity.
BUSINESS
By Samantha Kappalman | September 28, 1997
FIDELITY is closing its giant Magellan Fund to new investors on Tuesday. The $62 billion fund will still be open to hundreds of thousands of investors -- those who already own shares and participants in most group retirement plans where the fund is an existing investment option. Indeed, 401(k) plans account for more than 60 percent of Magellan's 4.3 million shareholders, and 73 percent of its assets are in retirement accounts.Magellan was the top performing fund over the last 20 years, but most of that came before the 1987 crash.
BUSINESS
By JULIUS WESTHEIMER | May 3, 1996
LET'S KEEP things in perspective.Although yesterday's decline pushed the Dow Jones and other indices sharply lower, the Dow this morning stands 381 points above its Jan. 1 level and 1,126 points, or 25 percent, ahead of its perch a year ago today.May, has a worthwhile story, "Read Your 401(k) Statement and Reap." Excerpts:"Wondering what to make of that dense quarterly statement you just got from your company's 401(k) plan? Suggestions:"Make sure money deducted from your paycheck matches amount deposited in your fund.
BUSINESS
By BLOOMBERG BUSINESS NEWS | January 12, 1996
BOSTON -- Jeffrey Vinik, manager of Fidelity Magellan Fund, sold off an estimated $10 billion worth of technology stocks in November, dropping the fund's holdings of those stocks to 24.5 percent from 43.2 percent, beating declines in the shares over the past six weeks.Instead, Mr. Vinik began moving money into Treasury securities, according to a mutual-fund guide released last month by Fidelity Investments.The $53.7 billion Magellan Fund, the world's largest mutual fund, also held a large amount of Standard & Poor's 500 stock index futures at the end of November.
BUSINESS
By New York Times News Service | June 22, 1994
Fidelity Investments, the nation's largest mutual fund company, deliberately provided incorrect information on the value of its funds last week, causing newspapers to report that most Fidelity funds did substantially better than they actually did.A Fidelity spokeswoman, Constance Hubbell, said yesterday that the fund management company had not been able to calculate the value of 166 funds on Friday because of a computer problem.Rather than simply admit the problem, she said, Fidelity chose to report to the National Association of Securities Dealers (NASD)
BUSINESS
By BLOOMBERG BUSINESS NEWS | November 26, 1995
It's shaping up to be quite a merry Christmas for mutual fund investors, distribution-wise. Some of the biggest funds will be making their biggest payouts in years.And that's both good news and bad news for investors.The estimates from two of the nation's biggest stock mutual funds provide an early indication of the magnitude of this year's distributions -- the most direct and dramatic evidence of just how good this year has been to investors. That's the good news.The bad news is the potential tax consequences.
BUSINESS
October 17, 2001
In the Region F&M Bancorp earns record profit of $5.1 million Lower interest rates and income from mortgage banking operations boosted F&M Bancorp's profit to a record $5.51 million in the third quarter that ended Sept. 30, the company reported yesterday. The Frederick banking company earned 50 cents per diluted share in the quarter, up 14 percent from 44 cents per share in the third quarter of 2000. The company also reduced its provision for credit losses to $430,000 in the most recent quarter, compared with $1.2 million a year earlier.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.