Douglas Simmons

Portfolio manager of four and co-manager of five Fidelity portfolios related to Utilities and Telecommunications

Biography

Douglas Simmons is a portfolio manager at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity's family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 20 million individuals, institutions, and financial intermediaries.

In this role, Mr. Simmons is responsible for managing Fidelity Telecom and Utilities Fund, Fidelity Select Utilities Portfolio, and Fidelity Advisor Utilities Fund. As a member of Fidelity's Stock Selector Large Cap Group, he is also responsible for managing the telecom and utilities sleeves for various diversified sector-based portfolios.

Prior to assuming his current responsibilities in September 2005, Mr. Simmons served as a utilities analyst covering the electric and gas utility stocks.

Before joining Fidelity in 2003, Mr. Simmons worked as a financial analyst at the private equity firm Hicks, Muse, Tate & Furst. Previously, Mr. Simmons was an investment banking analyst at Morgan Stanley. He has been in the investments industry since 1997.

Mr. Simmons earned his bachelor of business administration degree in finance from The University of Texas at Austin, where he graduated with highest honors, and his master of business administration degree from Harvard Business School.