Fidelity has announced that Tim Cohen and Pam Holding will jointly run the equity division, potentially shaking up the unit best known for its star stock-pickers. In January, Fidelity announced that Brian Hogan would relinquish the leadership role he'd held since 2009 and move to Fidelity's personal investing unit in the wake of misconduct allegations against some portfolio managers and a number of personnel changes across the division.
Cohen is a familiar face. He most recently served as director of research, managing all global equity analysts. He previously served as a CIO in the equity division and has held other people- and money-management posts across the firm since joining as an analyst in 1996. The growth, large-cap core, capital appreciation, and mid-cap portfolio managers will report up to him via CIO Melissa Reilly, as well as five of the managing directors of research overseeing the analysts and the head of equity trading.
Katie Rushkewicz Reichart, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.