Education
After earning his Master of Business Administration at Harvard University, Lange worked for Idanta partners (the Bass Brothers Venture capital firm).
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Harry Lange
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Career
He was, until recently (September 13, 2011), the portfolio manager for the Magellan Fund and is a Vice President at Fidelity Investments. He then moved to Wellington Management Company. After four years there Lange left and joined Fidelity Investments as a research analyst covering the photography, office-products and machinery on Black Monday (1987).
Nearly 20 years into his career at Fidelity, Lange was tapped to manage The Magellan Fund.
Lange began managing Fidelity"s Magellan Fund in October 2005. During the first year of his reign, he realigned the fund to reflect his personal stock selection.
The Netto result was an initial capital gains distribution that was just over $22 in 2006. Magellan began to outperform the South&P500 in 2007 and was upgraded to a four star mutual fund by Morningstar in July 2007.
However, performance since then has lagged the South&P index, and as a result, Magellan is currently ranked as a two-star fund by Morningstar.
On September 13, 2011, Fidelity announced that Lange would no longer manage the Fidelity Magellan Fund. The baton was passed to Jeffrey South. Feingold, the manager of the (relatively) smaller Fidelity Trend Fund. The Power 30Fidelity Is Wild About HarryMagellan"s New Skipper Changes CourseA True Go-Anywhere Fund Harry Lange is more flexibleVeteran Equity Manager.
