Fidelity Investments has grown quite comfortable at the top of the mutual fund industry, but the Boston firm always sees room for improvement and most recently set its sights on growing its institutional business.

Fidelity Management Trust Co. (FMTC) recently announced its assets have topped $100 billion, a 12% increase in just the first half of the year and largely the result of a record increase in assets from international equity mandates for corporate tax-exempt pension plans. But ambitions for FMTC go far beyond that, as the company recently announced it hopes to double its current $1 trillion in assets by 2010, primarily through institutional sales.

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