The manager of the famous but fledgling Fidelity Magellan fund is blaming himself for some of the fund's troubles, The Wall Street Journal reports.

Calling 2003 "a tough year for me," the manager, Robert Stansky, presented his partial mea culpa the same day his company released its annual shareholder report. For more than 10 years, the Magellan Fund was the nation's largest, but since 2000, it has steadily declined and now stands at No. 6, behind some of the offerings of Vanguard, PIMCO and American Funds.

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