July 23, 2014 11:21 AM ET

Capital Markets

Company Overview of Fidelity Investments

Company Overview

FMR LLC, doing business as Fidelity Investments is a privately owned investment manager. The firm also provides IRAs, 401(k) rollovers, annuities, discount brokerage services, retirement services, estate planning, wealth management, securities execution and clearance, and life insurance services to its clients. It launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in the public equity and fixed income markets across the globe. For its equity investments, it invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. For its fixed income investments, the firm invests in money market instruments, high yield securities, ...

82 Devonshire Street

Boston, MA 02109-3605

United States

Founded in 1946

Phone:

617-563-7000

Fax:

617-476-6150

Key Executives for Fidelity Investments

Chairman and Chief Executive Officer
Age: 84
Head of Distribution Channels
Age: 53
President of Asset Management
Age: 54
Managing Director and Senior Marketing Investment Strategist
Head of Defined Contribution Business Development and Executive Director
Compensation as of Fiscal Year 2014.

Fidelity Investments Key Developments

Fidelity and Credit Suisse Sign Agreement to Offer Investors and Advisors Greater Access to IPOs

Fidelity Investments and Credit Suisse Securities (USA) LLC announced an agreement that provides Fidelity's brokerage clients the opportunity to participate in initial public offerings (IPOs) and follow-on equity offerings underwritten by Credit Suisse. The agreement expands Credit Suisse's potential investor base to Fidelity's millions of retail brokerage customers, as well as investors who work with advisors through Fidelity's registered investment advisor (RIA), correspondent broker/dealer and family office clients.

Fidelity Investments Provides 401(k) and Pension Retirement Plan Administration for Tenneco Inc

Fidelity Investments announced that Tenneco Inc. has chosen it to provide administrative services to Tenneco's defined contribution 401(k) and defined benefit pension plans. The plans have 7,700 401(k) participants and 11,000 pension participants and a combined asset value of nearly $1 billion. The Tenneco benefits team will have a single point of contact for both retirement plans to help it address administration, risk management and plan design needs. In addition, Fidelity's Benefits Consulting will provide actuarial services for the U.S. defined benefit pension and retiree medical plans. The Benefits Consulting team also will help Tenneco manage fiduciary risk, communicate effectively with participants and leverage powerful analytics to create benefit projections.

Flipkart Online Services Is Reportedly In Talks To Raise $500 Million

Flipkart Online Services Pvt. Ltd. is in negotiations to raise at least $500 million, an investment round that will prepare the ground for a likely listing in the US in 2015, according to several people aware of the development. These sources, who are not directly involved in the process, said a fund founded by Russian billionaire Yuri Milner is taking the lead drawing in new investors soon after pouring money itself into Flipkart. Among those said to be interested are GIC Pte. Ltd. and T. Rowe Price Group, Inc. (NasdaqGS:TROW). Flipkart declined comment on what it called a market speculation. GIC and T Rowe Price did not reply to questions sent by email, reported Economic Times. General Atlantic LLC and Fidelity Investments are also being spoken of as potential investors in Flipkart. If all the investments come through, Flipkart could end up raising well over $1 billion. As Flipkart readies for an eventual US listing expected in 2015, cofounder Sachin Bansal, has said Nasdaq is a definite possibility.

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