New portfolio management at Fidelity

Toronto-based Fidelity Investments Canada ULC has shuffled its portfolio-management team. The changes follow the departure of two portfolio managers: Adam Kramer replaces Joanna Bewick and joins Ford O’Neil as portfolio co-manager of Fidelity Strategic Income Fund. Kramer joined Fidelity in 2000 as a research analyst and assumed portfolio-management responsibilities in 2008. As well, as a result of Bewick’s departure, Geoff Stein will join David Wolf as portfolio co-manager of Fidelity Balanced Managed Risk Portfolio, Fidelity Conservative Managed Risk Portfolio, Fidelity Conservative Income Fund and Fidelity Conservative Income Private Pool. Finally, following the departure of Chris Sharpe, Stein and Wolf have taken over joint portfolio-management responsibilities for Fidelity NorthStar Balanced Fund and Fidelity Tactical Strategies. These new responsibilities will be in addition to several multi-asset class strategies that Stein and Wolf already manage jointly for Canadian investors. For full fund details, including fees, visit www.fidelity.ca.

(fcollie@investmentexecutive.com).