Who could have imagined it, but Peter Lynch is out and (fixed income manager) Ford O'Neil in at...

|By:, SA News Editor

Who could have imagined it, but Peter Lynch is out and (fixed income manager) Ford O'Neil in at Fidelity, where investor cash parked in bond and money market funds now exceeds that invested in equities. "Own equities, forget the bond guys, that's for suckers," says a Fidelity research director, describing the attitude in 1999 that is clearly not so anymore.