Fidelity Investments' changes in its high-level management structure may have the welcome effect of upgrading the quality of analyst research, according to a report by Russ Kinnel, director of mutual fund research for Morningstar. The decision came as the result of sluggish performance in some of the company's domestic equity funds, with the structure of the research analyst unit playing a significant role, Kinnel opined.

Vice-Chairman and COO Robert L. Reynolds told Kinnel that the executive restructuring may also be part of a larger effort to boost fund performance.  "Indeed, Reynolds indicated in a meeting with me that the firm is thinking seriously about how to upgrade its research effort," Kinnel wrote.

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