This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Recent Fund-Manager Changes

Recent manager changes have occurred at both ends of the mutual fund size spectrum.

At a relatively large member of a huge fund family, Andrew H. Sassine became the portfolio manager of Fidelity Small Cap Stock Fund (FSLCX), succeeding Paul L. Antico, who is retiring from portfolio management after 17 years at Fidelity. Sassine will continue to manage Fidelity International Small Cap Opportunities Fund (FSCOX).

Sassine joined Fidelity in 1999 as a high-yield research analyst, and followed the telecommunications, satellite, technology, defense and aerospace, and restaurant industries. In 2001, Sassine joined the international equity group as a research analyst covering international small-cap and mid-cap stocks. He subsequently spent a year in Hong Kong following Chinese small-cap and mid-cap companies prior to taking over management of Fidelity International Small Cap Opportunities Fund in 2005.

The major portfolio holdings of the Fidelity Small Cap Stock Fund include Perot Systems (PER), The Geo Group (GEO - Get Report), Knight Transportation (KNX - Get Report) and Alliance Data Systems (ADS - Get Report).

At the $1.5 million Epiphany Faith & Family Values 100 Fund, Samuel J. Saladino III succeeded Adam E. Auten as portfolio manager. The fund's major holdings include Exxon Mobil (XOM - Get Report), Lowes (LOW - Get Report), McGraw-Hill (MHP) and Linear Technology (LLTC - Get Report).

While both the Fidelity Small Cap Stock Fund and the Epiphany Faith & Family Values 100 Fund have been turning in negative returns in recent months, their respective losses, seen in the accompanying table, have been consistently less severe than the setbacks suffered by the S&P 500 total return index.

RECENT FUND MANAGER CHANGES
Fidelity Small Cap Stock Fund Epiphany Faith & Fmly Val 100 Fd S&P 500 Total Ret'n Index
TICKER FSLCX N/A N/A
TheStreet.com RATINGS GRADE D+ U N/A
INCEPTION DATE 3/12/1998 1/8/2007 N/A
MIN. INITIAL PURCHASE $2,500 $2,500 N/A
TOTAL NET ASSETS ($MIL.) 3,839.1 1.5 N/A
MANAGER NAME Andrew H. Sassine Samuel J. Saladino, III N/A
MANAGER START DATE 7/1/2008 6/3/2008 N/A
3-MO. TOTAL RET'N (%) -2.06 -6.48 -8.02
YR-TO-DATE TOTAL RET'N (%) -9.87 -6.19 -12.66
12-MO. TOTAL RET'N (%) -10.81 -10.36 -11.09
Source: TheStreet.com Ratings - Data as of 7/31/2008.
For an explanation of our ratings, click here.

Richard Widows is a senior financial analyst for TheStreet.com Ratings. Prior to joining TheStreet.com, Widows was senior product manager for quantitative analytics at Thomson Financial. After receiving an M.B.A. from Santa Clara University in California, his career included development of investment information systems at data firms, including the Lipper division of Reuters. His international experience includes assignments in the U.K. and East Asia.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ADS $300.00 1.44%
GEO $44.26 1.10%
MHR $2.64 6.02%
KNX $32.35 2.21%
LLTC $47.59 1.95%

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs