News

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Pyramis Global Advisors President Peter J. Smail to Retire from Fidelity after 20 Years (PDF): January 23, 2008; Fidelity Investments today announced the retirement of Peter J. Smail as president of its Pyramis Global Advisors institutional investment management business.
Pyramis Hires Key Members of Equity Trading Team (PDF): November 13, 2007; Pyramis Global Advisors, a Fidelity Investments company, has named five industry professionals to its equity trading and operations team.
Pyramis Global Advisors 130/30 Strategy Reaches One-Year Performance Milestone (PDF): SEPTEMBER 25, 2007; Strategy Ranked No. 1 Over One-Year Period; Builds on Success of Pyramis’s Large-Cap Core Discipline and 15-Year Track Record in Long/Short
Mid-Cap Growth Manager Added To Pyramis Global Advisors Investment Team (PDF): JUNE 18, 2007; Pyramis Global Advisors announces the appointment of Daniel E. Crowe as a portfolio manager within its expanding investment management organization.
Pyramis Survey: Rising Concerns Prompt Defined Benefit Plans to Explore New Investment Approaches (PDF): FEBRUARY 22, 2007; Corporate Plans Seek to Limit Earnings Volatility
Health-Care Obligations a Rising Concern Among Public Plans
Pyramis Global Advisors Hires Mid-Cap Growth Manager (PDF): FEBRUARY 13, 2007; New Portfolio Manager Strengthens Investment Management Team
Pyramis Global Advisors Strengthens Investment Management Organization (PDF): JANUARY 18, 2007; New Portfolio Managers Added to Domestic Equity Team
Pyramis Global Advisors Appoints Head of Asset Allocation (PDF): OCTOBER 4, 2006; Pyramis Global Advisors, a Fidelity Investments company, today announced the appointment of Mark A. Friebel as head of Asset Allocation reporting to Young D. Chin, Chief Investment Officer. In this newly created position, Friebel will develop and oversee the management of asset allocation strategies and products for Pyramis.
Pyramis Survey: Use of Alternative Investments by Endowments and Foundations Likely to Increase Despite Challenges Measuring Risk (PDF): SEPTEMBER 28, 2006; A survey of the investing behaviors of CFOs at endowments and foundations found that these organizations plan to increase their already sizeable allocation to alternative investments, yet two-thirds readily admit that it is difficult to measure and manage their risk. Alternative investments are defined as hedge funds, private equity, venture capital, and other asset classes such as commodities and active currency.
Fidelity Investments Expands Defined Benefit Platform (PDF): MAY 12, 2006; With defined benefit plans and their sponsors facing continued pressures and uncertainty, Fidelity Investments today announced an expansion of its Fidelity Pension Advantage^SM program that delivers defined benefit plan sponsors increased investment flexibility and greater access to and control of plan data to help them identify and mitigate financial and fiduciary risks.
Pyramis Global Advisors Hires Chief Investment Officer (PDF): MARCH 22, 2006; Pyramis Global Advisors today announced the appointment of Young D. Chin as the organization’s first chief investment officer, completing the formation of the firm’s investment management leadership team under President Peter J. Smail. Pyramis, a unit of Fidelity Investments, was created in 2005 to serve institutional investors.
Pyramis Global Advisors Builds Investment Team (PDF): DECEMBER 7, 2005; Pyramis Global Advisors, a Fidelity Investments Company, today announced key appointments within its new and expanding investment management organization. Fidelity created Pyramis earlier this year to serve institutional clients.