Two large pension funds have put Fidelity Investments on watch for a total of $433 million, Financial News reports.

Citing performance issues, the $10 billion Public School Teachers' Pension and Retirement Fund of Chicago has put Fidelity on notice for $321 million of its assets (as well as J&W Seligman). Meanwhile, due to its unhappiness over the gift-giving regulatory probe at Fidelity, the $122 million  San Diego City Employees' Retirement System has put its $122 million account at Fidelity up for review.

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