Pyramis

The Wall Street Journal reported earlier this year that Pyramis was one of a number of large investment firms that allegedly have been overcharged by banks for currency trades.

Suit Alleges Favoritism by BNY Mellon Carrick Mollenkamp 2011

A spokesman for Pyramis said the money manager assesses foreign-exchange trading on an ongoing basis and it is monitoring the concerns alleged about improper pricing.

Suit Alleges Favoritism by BNY Mellon Carrick Mollenkamp 2011

In addition to overseeing various corporate functions, O'Hanley's responsibilities will include Fidelity Management & Research Co., which serves as investment adviser to Fidelity's mutual funds; Pyramis Global Advisors, serving institutional investors such as corporate and public retirement funds; and Strategic Advisers, which provides investment advisory services.

Fidelity restructures; outsider to run 1 unit 2010

Fidelity said that, "like virtually all other large asset managers, Pyramis transacts some FX trading through our clients' custodian banks, typically on a limited basis."

Suspicion of Forex Gouging Spreads Gregory Zuckerman 2011

According to a person familiar with the situation, the client wasn't a public fund but Pyramis Global Advisors, a unit of Fidelity Investments Inc. that manages about $176 billion.

Suit Alleges Favoritism by BNY Mellon Carrick Mollenkamp 2011

When BNY Mellon learned that Pyramis had not in fact hired a currency-exchange watchdog, bank executives and a transaction desk that chooses currency prices for the funds were told to "return to normal" and charge the manager the more typical least-favorable standing-instruction pricing, Ms. Bondi's suit alleges.

Suit Alleges Favoritism by BNY Mellon Carrick Mollenkamp 2011

Pyramis Active Lifecycle 2050, for instance, has a significantly lower internal expense ratio than Fidelity Freedom 2050, while (so far) outperforming Freedom 2050 on a total return basis since its inception in July 2007.

Why Investment Choices In Your 401(k) Might Change David Kudla 2010

Pyramis Active Lifecycle 2050, for instance, has a significantly lower internal expense ratio than Fidelity Freedom 2050, while (so far) outperforming Freedom 2050 on a total return basis since its inception in July 2007.

Why Investment Choices In Your 401(k) Might Change 2010

As of September, 2007, Pyramis managed about $162 billion in assets for institutional investors including pension plans, foundations, and endowments -- up 8% from the end of 2006.

Smail to Retire From Fidelity 2008

Mr. Smail, 55 years old, has been at Fidelity for 20 years and in 2005 helped launch Pyramis.

Fidelity Veteran 2008