Fidelity Investments is teaming up veteran portfolio managers Alan Radlo and Joel Tillinghast to co-manage Fidelity NorthStar Fund, a new “go anywhere” equity mutual fund exclusively for Canadian investors.

Radlo and Tillinghast, who each have equally strong records and reputations in the U.S., will be supported by Fidelity’s team of international equity research specialists. Subject to regulatory approval, this would be the first fund of its kind available to Canadian investors. The Fund is expected to be available for sale by the end of October.

“This fund is a rare opportunity because it will put 42 years of combined money management experience together with a ‘go anywhere’ mandate to invest in securities around the world. The open mandate is ideal for seasoned managers like Radlo and Tillinghast: these two share a style rooted in their ability to effectively minimize downside risk, yet just as successfully pursue growth opportunities for investors with the strength of their conviction”, said Bob Haber, chief investment officer, Fidelity Investments Canada in a press release.

“The ability to allocate this much proven in-house, stock-picking fire power to a single fund epitomizes the depth and strength of Fidelity – and our commitment to bring this to bear for Canadian investors,” he added.

Advisors are invited to hear more from Bob Haber and Alan Radlo at Fidelity World Markets Forum web cast later today. The forum can be accessed on the web at www.fidelity.ca at 12:20 pm EST.