Star mutual fund manager and 17-year Fidelity Investments Canada veteran Alan Radlo left the company this week, The Globe and Mail. Radlo was widely regarded as the face of Fidelity in Canada and oversaw about 25% of the fund company’s $37.5 billion in retails assets under management.
Sources said Radlo’s demeanor was increasingly at odds with Fidelity senior management. The rift led to his resignation on Monday after receiving his annual bonus, sources said. Radlo is considered a top-ranked fund manager and is expected to launch his own Canadian investment fund next year.
Bob Haber, Fidelity’s chief investment officer, replaces Radlo as the lead portfolio manager on the Canadian equity sub-portfolio of Fidelity Canadian Asset Allocation Fund.
Cecilia Mo will take over Radlo’s duties as the portfolio manager on the Fidelity NorthStar Fund, working along with Joel Tillinghast and Chris Goudie. Maxime Lemieux replaces Radlo as portfolio manger on the Fidelity Canadian Growth Company Fund.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.