General Investing >> Money Manager Interviews >> September 19, 2011

Investing In Energy With Improving Fundamentals – John Dowd – Fidelity Management & Research Company

John Dowd is a Research Analyst and Portfolio Manager for Fidelity Management & Research Company (FMRCo), the investment adviser for Fidelity's family of mutual funds. Mr. Dowd joined Fidelity in 2005 as an Equity Research Analyst following energy service companies. He began managing the Select Energy Service Portfolio in 2005 until 2010 and began managing Select Natural Resources Portfolio, Fidelity Advisor Energy Fund and the Fidelity VIP Energy portfolio in 2006. Mr. Dowd assumed responsibility for the Select Energy portfolio in 2006. He began comanaging the Fidelity Series Broad Market Opportunities Fund and Fidelity Stock Selector All Cap Fund in 2009, and Fidelity Advisor Stock Selector All Cap Fund in 2010. Prior to joining Fidelity, Mr. Dowd served as a Senior Research Analyst covering oil service companies at Sanford C. Bernstein & Co., LLC. He also served as an Analyst at the same firm following oil refinery, oil service and integrated oil companies. Before that, Mr. Dowd followed energy companies and developed risk management tools for Lawhill Capital Partners, LLC, an energy-focused investment management firm that he cofounded. He began his investment career in 1990 as an Equity Analyst with Value Line. Mr. Dowd received a B.S. in mechanical engineering from Carnegie Mellon University. Profile
TWST: Please begin with a brief introduction to your Select Energy Portfolio, including some insight on your investment strategy and your total assets under management.

Mr. Dowd: It is an energy fund,