| |  Fidelity Investments has been managing institutional assets for more than three decades. In 1981, Fidelity Management Trust Company (FMTC) was founded to provide investment management services to corporate and public retirement funds, endowments, foundations, and other institutions. In 2005, Fidelity established Pyramis Global Advisors* (Pyramis) as a separate subsidiary to focus exclusively on delivering investment products and services that meet the needs of institutional clients. Pyramis combines the expertise and resources of FMTC with an investment organization dedicated exclusively to managing institutional assets. FMTC Trustees more than $760billion assets for more than 8,900 plans.
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Commitment to Integrity At Fidelity, we believe that our highest responsibility to our clients is to conduct all aspects of our business with integrity. To that end, we enforce a comprehensive employee code of ethics, and we employ and enhance stringent risk management procedures on an ongoing basis. The documents below provide more detail on these topics.
Industry Recognition Fidelity's commitment to providing quality products and services to the institutional marketplace has not gone unnoticed, and the numbers speak for themselves:
| | | | - In the Pensions & Investments 2006 rankings, Fidelity was #12 in total defined benefit assets under management and #3 in total U.S. institutional tax-exempt assets under management as of 12/31/05.1
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