Fidelity’s $280B Contrafund Appoints First New PMs Since 1990

Fidelity’s $280B Contrafund Appoints First New PMs Since 1990

Anyone who grew up playing video games in the ‘80s knows how hard it was to beat Contra.  The same goes for the $280 billion Fidelity Contrafund strategy and portfolio manager Will Danoff, who have been winning since 1990, delivering an average annualized return of nearly 14%. (And that’s without using the Konami Code that gives you 30 extra lives.) But as of last week, Danoff did get some extra help, in a sense. Fidelity’s Jason Weiner and Ashe…