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Not all folios will be affected, said Eric D. Roiter, general counsel for Fidelity's mutual fund division.
Today, the hedge fund division accounts for just 3percentt of the overall firm's assets under management.
Bank One, which was cited in that settlement, said yesterday that two senior executives of its $103 billion mutual fund division had left the company.
The company said in its latest filing that other employees of the mutual fund division "have been and will be asked to resign".
Ms. Johnson will replace Robert C. Pozen, 54, on June 15 as president of Fidelity Management and Research, Fidelity's fund division.
The bride, 28, is a market and industry research analyst in the mutual fund division of John Hancock Life Insurance Company in Boston.
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Mr. Galvin said he might conduct a regulatory review of the two companies if they decide to consolidate their mutual fund divisions.
Deutsche has a hedge-fund division called DB Absolute Return Strategies, with over $9 billion of investors' money under management.
The groom is a vice president for New Mountain Capital, a New York investment firm, where he is a research analyst in the hedge-fund division.
Mr. Garnett, 36, is a vice president in the hedge-fund division of the Fortress Investment Group in New York, where he is responsible for risk management.
Mr. Butler, 38, started Brownstoner in 2004, when he was working in the hedge-fund division of a large Wall Street firm that he would not name.
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