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May
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May
Morningstar Fundinvestor
Fidelity Contrafund FCNTX manager Will Danoff is back to running a more than $100 billion threshold once more. A few years ago, Fidelity handed one of Danoff's three funds to another manager in order to cut his workload. However, his continued success, a market rally, and the inflows that his funds have drawn have him managing more than $100 billion combined again in Contrafund and Fidelity Advisor New Insights FNIAX, which have $84 billion and $19 billion, respectively. Contrafund was one of the industry's largest funds 15 years ago (with approximately $25 billion in assets at that time). Even with its heft, the fund has one of the best 15-year records to show for it, a 9.25% annualized gain.
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