Fidelity Reshuffles Fund Lineup

Fidelity Investments has changed the managers around in its Select sector funds according to recent regulatory filings with the Securities and Exchange Commission

The funds affected by these changes include Fidelity Select Chemicals, Fidelity Select Cyclical Industries, Fidelity Select Energy and Fidelity Select Natural Resources

Matthew Friedman, a five-year veteran of the company, replaces. John D. Roth as the Select Chemicals manager and Pratima Abichandani as fund manager of the Select Cyclical, Energy and Natural Resources funds.

Fidelity Select Insurance is now run by another five-year veteran, Charles Hebard, who replaces Ian Gutterman. Gail Lese has surrendered to Robert Lee, who is the new manager of Fidelity Select Food & Agriculture.

The aforementioned Hebard was replaced by Nathan Strik as manager of Fidelity Select Energy Services. Strik has been with Fidelity since 2002.

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