Fidelity Funds lost one of their best. David Glancy managed 3 of Fidelity's best performing funds this year: Fidelity Leveraged Company Stock Fund (up 52.8% this year), Fidelity Capital & Income Fund (up 28.1% this year) and Fidelity Advisor Leveraged Company Stock Fund (up 49.8% this year). Interesting that he would leave while his funds were doing so well. I wouldn't be surprised to see him start up a hedge fund soon.