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	<title>Wall Street Folly &#187; Fidelity</title>
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		<title>Cerberus is lighter of 2 partners including Ken Leet; Will Fidelity&#8217;s flock get fleeced in its new deal with KKR?; GLG recovering from its near death experience; NYC bankruptcy court is used to getting big cases</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/06/cerberus-is-lighter-of-2-partners-including-ken-leet-will-fidelitys-flock-get-fleeced-in-its-new-deal-with-kkr-glg-recovering-from-its-near-death-experience-nyc-bankruptcy-court-is-used-to-getti/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/06/cerberus-is-lighter-of-2-partners-including-ken-leet-will-fidelitys-flock-get-fleeced-in-its-new-deal-with-kkr-glg-recovering-from-its-near-death-experience-nyc-bankruptcy-court-is-used-to-getti/#comments</comments>
		<pubDate>Mon, 08 Jun 2009 20:33:56 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Hedge funds]]></category>
		<category><![CDATA[Private equity]]></category>
		<category><![CDATA[WSF]]></category>
		<category><![CDATA[Cerberus]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[GLG]]></category>
		<category><![CDATA[KKR]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/?p=7944</guid>
		<description><![CDATA[
HTML clipboardTwo Senior Partners Leave Cerberus &#8211; Wall Street Journal
Two senior partners in Europe at Cerberus Capital Management, the U.S. buyout firm that owns Chrysler, have left the company.
Ken Leet, a former strategic adviser to Ford Motor Co., has left, 2½ years after the private-equity firm hired him to strengthen its European business, according to [...]]]></description>
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		<title>After being closed for over 10 years, Fidelity Magellan is opening its doors</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/01/after-being-closed-for-over-10-years-fidelity-magellan-is-opening-its-doors/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/01/after-being-closed-for-over-10-years-fidelity-magellan-is-opening-its-doors/#comments</comments>
		<pubDate>Tue, 15 Jan 2008 13:55:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Fidelity]]></category>

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		<description><![CDATA[
Fidelity Investments is opening Magellan
Fund to new investors for the first time in more than a decade as it seeks to
capitalize on a turnaround by manager Harry Lange.
Lange, who took over Magellan in October
2005, beat 82 percent of rivals in 2007 as the $44.8 billion fund posted its
highest returns in 14 years. Once Fidelity&#8217;s largest [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Fidelity: Pink slips said to be going out to around 200</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/11/fidelity-pink-slips-said-to-be-going-out-to-around-200/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/11/fidelity-pink-slips-said-to-be-going-out-to-around-200/#comments</comments>
		<pubDate>Thu, 01 Nov 2007 16:04:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Revolving Door]]></category>
		<category><![CDATA[Fidelity]]></category>

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		<description><![CDATA[ 

Mutual-fund titan Fidelity Investments is
expected to begin layoffs, say analysts and people close to the firm, as its new
president follows through on a recent promise to tighten spending.
Several former employees say they have been
in touch with managers who have been instructed to begin giving notice to
employees in areas including information technology and retirement services. [...]]]></description>
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		<title>Fidelity says they have no subprime exposure; Mortgage lenders under pressure; Banks deal with financial indigestion; Private equity buyout deals may face being put on hold; CDO managers slipping on subprime slime</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/08/fidelity-says-they-have-no-subprime-exposure-mortgage-lenders-under-pressure-banks-deal-with-financial-indigestion-private-equity-buyout-deals-may-face-being-put-on-hold-cdo-managers-slipping-on-s/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/08/fidelity-says-they-have-no-subprime-exposure-mortgage-lenders-under-pressure-banks-deal-with-financial-indigestion-private-equity-buyout-deals-may-face-being-put-on-hold-cdo-managers-slipping-on-s/#comments</comments>
		<pubDate>Fri, 03 Aug 2007 18:33:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Subprime mortgages]]></category>
		<category><![CDATA[CDO]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[LBO / MBO]]></category>
		<category><![CDATA[Private equity]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/08/fidelity-says-they-have-no-subprime-exposure-mortgage-lenders-under-pressure-banks-deal-with-financial-indigestion-private-equity-buyout-deals-may-face-being-put-on-hold-cdo-managers-slipping-on-s/</guid>
		<description><![CDATA[
&#160; &#160;


&#160; &#160;&#160; &#160;

&#160; &#160;&#160; &#160;


Fidelity U.S. High-Yield Fund Has No Subprime Debt
Pressure mounts on US mortgage groups
Bankers try and digest effects of subprime disorder
Buy-out deals may be on hold for months
CDO Managers Feel Pain of Subprime Slide

&#160; &#160; 




Fidelity U.S. High-Yield Fund Has No Subprime Debt
- Bloomberg

 Fidelity International Ltd. said its U.S. and [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Jefferies&#8217; equity chief booted over Fidelity partying scandal</title>
		<link>http://files.wallstreetfolly.com/wordpress/2007/02/jefferies-equity-chief-booted-over-fidelity-partying-scandal/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2007/02/jefferies-equity-chief-booted-over-fidelity-partying-scandal/#comments</comments>
		<pubDate>Tue, 13 Feb 2007 13:40:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Banking Culture]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[Jefferies]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2007/02/jefferies-equity-chief-booted-over-fidelity-partying-scandal/</guid>
		<description><![CDATA[Jefferie&#8217;s equtiy head Scott Jones didn&#8217;t retire &#8212; he got the boot according to the New York Post: 
Jones&#8217; departure was just the latest echo from Jefferies&#8217; ill-fated attempt to win business from Fidelity by showering the money management giant&#8217;s powerful stock trading desk with $2 million in gifts and travel.
Starting in 2002, according to [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>NFL commissioner draft: Number two Fidelity guy is on the shortlist</title>
		<link>http://files.wallstreetfolly.com/wordpress/2006/07/nfl-commissioner-draft-number-two-fidelity-guy-is-on-the-shortlist/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2006/07/nfl-commissioner-draft-number-two-fidelity-guy-is-on-the-shortlist/#comments</comments>
		<pubDate>Mon, 31 Jul 2006 18:15:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[Football]]></category>

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		<description><![CDATA[Robert Reynolds, vice chairman and chief operating officer at Fidelity Investments has been chosen as one of the five finalists being considered for the NFL commissioner gig&#8230;.

Reynolds, who was a college football referee for 15 years, has been credited with helping engineer a turnaround at Fidelity&#8217;s flagship money management division in the last year and [...]]]></description>
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