New Assignments for Fidelity Portfolio Managers

TORONTO, July 21, 2017 /CNW/ - Fidelity Investments Canada ULC (Fidelity Investments Canada), one of Canada's top investment management firms, today announced the following new portfolio management assignments. 

  • Effective July 21, 2017, Adam Kramer, currently portfolio manager of Fidelity Tactical High Income Fund will join Ford O'Neil as co-portfolio manager of Fidelity Strategic Income Fund. He replaces portfolio manager, Joanna Bewick, who will be leaving Fidelity to pursue other professional opportunities.

  • Coinciding with this change, effective July 21, 2017, portfolio manager Geoff Stein will join David Wolf as a co-portfolio manager on Fidelity Balanced Managed Risk Portfolio, Fidelity Conservative Managed Risk Portfolio, Fidelity Conservative Income Fund and Fidelity Conservative Income Private Pool. He is replacing Joanna Bewick in this role.

  • Geoff and David will also assume portfolio management responsibilities for Fidelity NorthStar® Balanced Fund and Fidelity Tactical Strategies Fund. They are replacing portfolio manager, Chris Sharpe, who will be leaving Fidelity to pursue other professional opportunities.

The investment objectives and strategies of the funds will remain unchanged.

"We thank Joanna and Chris for their years of hard work and we wish them the best in their future endeavors," said Rob Strickland, President, Fidelity Investments Canada.  "We are proud of the depth and breadth of our investment management and research teams. Our investment professionals are focused on seeking to provide investors with consistent long-term performance. We are fortunate to have skilled individuals like Adam, Ford, Geoff and David ready to assume these new responsibilities."

About Adam Kramer

Adam currently manages Fidelity Tactical High Income Fund and also manages a convertible securities sub-portfolio for a number of Fidelity's multi-asset class funds in Canada.  He also manages a number of funds for U.S. and international investors.  Adam joined Fidelity Investments in 2000 as a research analyst and assumed his portfolio management responsibilities in 2008. Originally from Montreal, he earned a B.Comm in accounting and a graduate diploma in public accountancy from McGill University and an MBA from Cornell University.

About Ford O'Neil

Ford currently manages Fidelity Strategic Income Fund and manages the fixed-income sub-portfolio for Fidelity Tactical High Income Fund. He also manages various retail and institutional funds available to U.S. investors.

He has been in the investment industry since 1985 and joined Fidelity Investments in 1990.  Ford earned a BA in government from Harvard College and an MBA from the Wharton School at the University of Pennsylvania.

About David Wolf

David is a portfolio manager in the Global Asset Allocation (GAA) group at Fidelity Investments.  In this role, Wolf co-manages with Geoff Stein a number of multi-asset class strategies for Canadian investors

Before joining Fidelity Investments in his current position in September 2013, Wolf served as adviser to the former Governor Mark Carney and as secretary to the Governing Council at the Bank of Canada, where he oversaw the analysis supporting the monetary policy decision process and represented Canada's central bank on numerous international bodies. Wolf earned his Bachelor of Arts degree in economics from Princeton University, where he graduated magna cum laude and Phi Beta Kappa.

Geoff Stein

Geoff has been in the investment industry for nearly 30 years, the last 23 of those years at Fidelity Investments.  He currently serves as lead or co-manager with David Wolf on a number of multi-asset class strategies for Canadian investors. He also manages multi-asset class mutual funds and sub advisory accounts for U.S. investors. 

Prior to assuming his current position in April 2009, Geoff was Chief Investment Officer of Fidelity Charitable Gift Fund from 2007 to 2009.  Previously, he worked as a portfolio manager and director of portfolio management from 1998 to 2007, focused on Fidelity Portfolio Advisory Service®, and as an investment consultant for Fidelity Investments Institutional Services Company, Inc. and Fidelity Management & Research Company from 1994 to 1998.  Geoff earned his Bachelor of Arts degree in economics from Yale and his master of business administration degree from Stanford University.  He is also a Chartered Financial Analyst (CFA®) charterholder.

Fidelity Investments Canada

Fidelity Investments Canada is part of the broader group of companies collectively known as "Fidelity Investments", one of the world's largest providers of financial services. Fidelity Investments Canada manages a total of $133 billion in mutual fund and institutional assets. This includes $22 billion in assets for institutional clients including public and corporate defined benefit pension plans, endowments, foundations and other corporate assets on behalf of clients across Canada as at June 30, 2017.

Fidelity Investments Canada provides Canadian investors a full range of domestic, international and income oriented mutual funds, as well as asset allocation and managed solutions and the high net worth program, the Fidelity Private Investment Program. Fidelity Funds are available through a number of advice-based distribution channels including financial planners, investment dealers, banks, and insurance companies.

Read a fund's prospectus and consult your financial advisor before investing. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss.

©2017 Fidelity Investments Canada ULC. All trademarks in this document belong to Fidelity Investments Canada ULC. All rights reserved.

SOURCE Fidelity Investments Canada ULC

For further information: Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, T: (416) 307-5388, M: (416) 795-7762, E: chris.pepper@fmr.com


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