(Bloomberg) -- Fidelity Investments, the world’s second-biggest mutual-fund company, said Ramona Persaud on Jan. 1 will take over management of two dividend growth funds that collectively manage almost $10 billion.

Persaud will replace Lawrence Rakers on Fidelity Dividend Growth Fund and Fidelity Advisor Dividend Growth Fund, according to regulatory filings made available Dec. 17. Rakers had managed the funds since 2008. Persaud, who’s been at Boston-based Fidelity since 2003, also manages Fidelity Global Equity Income Fund.

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