Fidelity, no one loves them but they don't care

gosling's grouse

For the last quarter of century or so the financial services industry has loved to knock Fidelity, e...

For the last quarter of century or so the financial services industry has loved to knock Fidelity, even though the people that matter - the public and investors - have by and large been perfectly happy with the group. Rival fund management groups grumble it has an unfair advantage because it is a private company and does not have shareholders or a greedy parent to satisfy. Former staff talk of the company and its culture as though they have escaped from some kind of religious investment sect. More than likely it's because Fidelity has been successful that it is the group that everyone lo...