Finance and technology stocks have put the Fidelity Magellan fund in a worse position than its benchmark, the Standard & Poor’s 500, and even the fund’s manager says he’s disappointed, Dow Jones reports.

In his semi-annual shareholder report for the period ended Sept. 30, portfolio manager Harry Lange admits the fund did not do well. Certainly, that is true; year-to-date through Friday, the fund is down nearly 52%, compared to the 39% decline in the Standard & Poor’s 500 Index.

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