BOSTON Fidelity Investments, one of the nation's best-knownfund managers, is putting "Black Monday" and the $10 billion inmanaged funds it lost behind it as it holds a steady course towardbetter days.
The flow of investment dollars into money market funds after theOctober crash forced Fidelity to fire about 800 employees - some 10percent of its work force - earlier this year.
But Fidelity officials at the privately owned fund manager toldReuters in an interview that they believed the worst of the troublesis over. Although total funds under management fell rapidly to $75billion after Oct. 19, they have now recovered to around $82 billion.
Considering …
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