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Business in brief

Fidelity Investments plans to close two mutual funds

April 1, 2006

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THE REGION Fidelity Investments said it will close one of its largest and most popular mutual funds, Contrafund, to new investors, following years of strong performance by manager William Danoff. Fidelity also said it will close another fund managed by Danoff, Fidelity Advisor New Insights. New purchases in both funds will be limited to existing shareholders and a few other ... (Full article: 604 words)

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