By Tim McLaughlin BOSTON (Reuters) - Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund's latest disclosure. Contrafund portfolio manager Will Danoff had expressed confidence in Yahoo's management team at the end of the first quarter, but told Reuters in an exclusive interview in April he has been looking beyond tech companies to boost the fund's performance. Contrafund is up 1.93 percent this year, lagging the 4.97 percent return on the S&P 500 Index. The $108 billion Contrafund owned 24.3 million Yahoo shares at the end of April, down from 41.1 million shares at the end of 2013.
via Tech News Headlines - Yahoo News http://ift.tt/1m5ST0Y
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