Fidelity suspends two portfolio managers

Fidelity International in Hong Kong has suspended two of its portfolio managers over a possible breach of its internal code. The suspensions were meted out last Monday, January 18, and local regulators and legal authorities were notified. Fidelity is now conducting an internal investigation of the alleged breach. A Fidelity spokeswoman would not confirm who has been suspended, but she did confirm that two suspensions of portfolio managers have taken place. According to a client of …