Richard Malnight, CFA

Portfolio Manager, Research Analyst

Biography

Richard Malnight is a research analyst and portfolio manager in the Equity division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.

In this role, Mr. Malnight co-manages the Fidelity Select Chemicals Portfolio, Fidelity Select Materials Portfolio, Fidelity Advisor Materials Fund, and Fidelity VIP Materials Portfolio. Additionally, he is responsible for covering the chemicals industry.

Previously, Mr. Malnight was the manager of Fidelity Materials Central Fund, the Materials sleeve of the Balanced Funds, Series All Sector Equity, and Stock Selector All Cap Fund. Prior to that, he a research analyst in the High Income group at FMR Co., covering the chemicals, refining, steel and mining industries.

Before joining Fidelity in 2007, Mr. Malnight was a research analyst at W.R. Huff Asset Management, where he covered the chemicals and paper industries. Additionally, Mr. Malnight held various roles with Air Products and Chemicals, Inc., primarily managing business units in the U.S. and Asia supplying industrial gases to customers in the chemical, refining, steel, and electronics industries. He has been in the financial industry since 2001.

Mr. Malnight earned his bachelor of science in engineering degree from the University of Pennsylvania and his master of business administration degree in finance from The Wharton School of the University of Pennsylvania. He is also a CFA® charterholder.

Jody Simes is a portfolio manager and sector leader at Fidelity Institutional Asset Management (FIAM), an investment organization within Fidelity Investments’ Asset Management division that is dedicated to serving the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments, and financial advisors.

In this role, Mr. Simes manages the Fidelity Global Commodity Stock Fund and the Materials sleeves of the Fidelity Central Fund, Fidelity Balanced Fund, Fidelity VIP Balanced Fund, FA Balanced Fund, Fidelity Stock Selector All Cap Fund and Fidelity Series All Sector Equity Fund. He also is co-manager of Fidelity Advisor Materials Fund, Fidelity Select Materials and VIP Materials Portfolio.* Additionally, he manages both the global energy and global materials sector sleeves of the FIAM sector portfolios and analyzes stocks for the broader diversified portfolio management team. He has managed the Global Materials Sector portfolio since 2006 and the Global Energy Sector portfolio since 2011.

Prior to assuming his current role, Mr. Simes covered the nonferrous metals, chemicals, and fertilizer sectors, as well as Canadian telecommunications and software companies as an equity research analyst. Previously, he was a member of the Equity Research group at Fidelity as a technology sector specialist, and a fixed income trader at Fidelity Capital Markets. He has been in the financial industry since joining Fidelity in 1993.

Mr. Simes earned his bachelor of science degree in finance from the University of Massachusetts and his master of science degree in finance from Boston College. He is also a CFA® charterholder.