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Massachusetts Dumps Fidelity Ending 35-Year Trust Deal

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - July 19, 03:36PM from (www.bloomberg.com)

By Michael McDonald - 2012-07-19T19:19:15Z


Massachusetts is ending a 35-year banking relationship with a unit of Boston-based Fidelity Investments, one of the state’s largest employers, to cut costs.
Federated Investors Inc. (FII) will replace Fidelity’s Pyramis Global Advisors in providing manage...


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