Money Managers Big And Small Dealt With Infrastructure Issues In '98

MANAGEMENT & INFRASTRUCTURE

NEW YORK--Nineteen Ninety-Eight saw many fund management companies take long looks inward at their operations and overhaul them either wholly or in part. Some of the biggest firms were involved in such reviews, including mutual fund giant Fidelity Investments, which has often been the technology pacesetter for the rest of the industry.

At the beginning of the year, Fidelity took several affiliated software divisions and reassigned oversight of them to its venture capital unit (January 16). To