TheStreet.com Ratings: The Fund Manager Shuffle

It's always important to keep a close watch on the fundamentals and performance of any of your mutual funds. But it's also important to know about the wizard behind the curtain pulling on the strings and running your investment.

That's why TheStreet.com Ratings is monitoring the manager changes going on at the mutual funds we track. Below is a list of the changes that took place during the months of January and February.

Fidelity

Fidelity kicked things off in early January, naming Yun-Min (Charlie) Chai manager of (FSPTX Quote)Fidelity Select Technology (FSPTX). He succeeded James Morrow, who remains manager of (FSELX Quote)Fidelity Select Electronics (FSELX). Chai also runs the (FSDCX Quote)Fidelity Select Communications Equipment (FSDCX) and (FNINX Quote)Fidelity Select Networking & Infrastructure (FNINX) portfolios as well.

Benjamin Hesse became sole manager of ( FBSOX Quote)Fidelity Select IT Services (FBSOX), which he had co-managed with Jim Morrow since March 2006, and Mayank Tandon assumed sole management of (FSCSX Quote)Fidelity Select Software & Computer Services (FSCSX).

Completing Fidelity's January changes, Tobias Welo succeeded Christopher Bartel -- who will continue managing (FSCGX Quote)Fidelity Select Industrial Equipment (FSCGX) -- as manager of (FCYIX Quote)Fidelity Select Industrials (FCYIX). J. Justin Bennett took sole management of (FSPFX Quote)Fidelity Select Paper & Forest Products (FSPFX), which he had managed with Bartel, and Lindsay Connor became sole manager of (FSRFX Quote)Fidelity Select Transportation (FSRFX), also previously co-managed with Bartel.

Fidelity had a busy February as well. Its Fidelity Discovery fund was renamed (FDSVX Quote)Fidelity Growth Discovery (FDSVX) and took on a new growth-oriented benchmark (Russell 3000 Growth Index). Jason Weiner left (FDFFX Quote)Fidelity Independence (FDFFX) to manage Fidelity Growth Discovery.

(FTRNX Quote)Fidelity Trend (FTRNX) named Jeffrey Feingold as portfolio manager. Feingold, who replaced Ramin Arani, continues as co-manager of (FGBLX Quote)Fidelity Global Balanced (FGBLX ) and (FWWFX Quote)Fidelity Worldwide (FWWFX). Amin became co-manager of (FPURX Quote)Fidelity Puritan's (FPURX) equity portion.