Due to poor performance in Fidelity's flagship fund, Magellan, the management fees that Fidelity has collected in the most recent six months totaled $104.3 million, a 27% decrease from the $143.3 million in the same period a year earlier, The Wall Street Journal reports.

The poor performance has caused assets to grow at a slow rate, and has prompted many investors to redeem shares. As of Sept.30, Magellan had $52.5 billion in assets, down from $61.5 billion the year before.

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