Topic: Anne Crowley

Fidelity Investments to cut 1,700 jobs early next year in 2nd round of layoffsFidelity Investments will eliminate 1,700 jobs early next year in a second round of cuts at the nation's largest mutual fund company, which has seen its ...

A BALLYROCK CDO GOES FROM AAA TO JUNK

Fidelity Investments has its own set of subprime woes. In 2002 the Boston firm started a subsidiary called Ballyrock Investment Advisors to create and manage collateralized debt obligations sold to institutional clients. The group, which is separate from Fidelity's mutual fund ...