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Article: Massachusetts Economics Chief to Become Chairman of MFS Mutual Fund Firm.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 10, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Andrew Caffrey, The Boston Globe Knight Ridder/Tribune Business News
Feb. 10--After a brief and frustrating stint in state government, Robert Pozen is back in the mutual fund business.
Reeling from a $350 million settlement of market-timing fraud charges with regulators, MFS Investment Management -- the company that invented the mutual fund -- reached outside its cloistered culture and named Pozen chairman, hoping he will replicate the successful troubleshooting he performed as head of crosstown rival Fidelity Investments' money management arm.
"He's an inveterate problem-solver," said longtime mutual fund industry observer Michael ...