Fidelity Names Lange Magellan Fund Skipper

Robert E. Stansky, manager of the Fidelity Magellan Fund, is retiring after 22 years at the firm and nearly a decade at the helm of its largest fund, Fidelity Investments announced last week. He will be replaced by Harry W. Lange, who has been overseeing the Fidelity Capital Appreciation and Fidelity Advisor Small Cap funds.

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