There was once a day when people really wanted to be in the Fidelity Magellan Fund. That was a long, long time ago. Back then, Peter Lynch, the fund's famed manager, was almost a household name. Fidelity was powerhouse. Magellan was the largest mutual funds in the world. And of course it was closed. Now, Magellan has long been surpassed. The AP notes it holds $45 billion in assets, compared with $105 billion in the late 1990s. Still, it has just beaten the S&P 500 over the past 10 years. And it seems to be faring well. Which is perhaps one reason management has decided to open the fund. Still, you have to wonder if the news will be greeted with a yawn.  

For more:
- here's the AP article