HEDGED BET? Ten months after taking over at Fidelity Fifty, Fergus Shiel has left. He’s widely assumed to be starting a hedge fund–as did his predecessor, John Muresianu. Shiel’s replacement is thewell-regarded Jason Weiner, formerly of Fidelity OTC.
GOLD ETF The World Gold Council has registered with the SEC to launch Equity Gold Shares, an exchange-traded fund. Each share will represent a tenth of an ounce of gold bullion. –CYBELE WEISSER
