THE VIRGINIAN-PILOT 
              Copyright (c) 1995, Landmark Communications, Inc.

DATE: Saturday, January 28, 1995             TAG: 9501280312
SECTION: BUSINESS                 PAGE: D2   EDITION: FINAL 
TYPE: Digest 
                                             LENGTH: Short :   22 lines

FIDELITY SUFFERS DEFECTIONS IN THE WAKE OF FUND LOSSES

Fidelity Investments, reeling from bond fund losses and a slump at its flagship Magellan Fund, announced the departure of a top portfolio manager. Robert Citrone, 30, who helped manage $8 billion in emerging-market debt securities for Fidelity, resigned to join Tiger Management, the hedge fund company. He is leaving after an emerging-market debt fund he managed lost 16.5 percent in 1994. Citrone's departure follows that of Thomas J. Steffanci, director of Fidelity's fixed-income department, who earlier this week said he'd leave. (Bloomberg) by CNB