Word: magellans
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pound gorilla of the mutual fund world, with $1.1 trillion of assets under management. But fund companies like Vanguard and American Funds are growing faster, which is why Fidelity this week intensified its makeover by replacing the manager of its most visible fund, the $52 billion colossus Magellan. Market-lagging Robert Stansky, who had headed the fund since 1996, has been replaced by Harry Lange, former manager of the Fidelity Capital Appreciation Fund...
...Lange is a hot hand getting his shot. His Capital Appreciation Fund has risen 9.7% a year under his tenure, compared with an 8.4% average over the same period for the S&P 500. Still, now he must confront the Magellan pox: Stansky had also been one of Fidelity's hottest young managers when he took over the flagship fund in 1996, only to stumble badly. During his tenure Magellan rose 6.9% a year-compared with an 8.1% gain over the same period for the Standard & Poor...
...segmented telescope, meaning that it contains several layers of mirrors. The seven primary mirrors, those responsible for collecting the light or photons—essentially the data—from outer space, will be 8.4 meters in diameter. This surpasses the diameter of existing Magellan telescopes by almost two meters and increases by almost five times the amount of light the telescope is capable of collecting...
...primary mirrors reflect the light onto secondary mirrors, which are responsible for correcting whatever blurring has occurred. In the current Magellan telescopes, the curvature of the mirrors must be adjusted almost once a minute. The GMT’s secondary mirrors, in contrast, may be able to correct for the “wiggles in the atmosphere” using an adaptive process which is more accurate...
...most likely location of the telescope is Las Campanas, Chile, where the Magellan telescopes are already located and the Carnegie Observatories have worked for 20 years. Chile’s high altitude and dry weather make it one of the better locations from which to observe outer space, Alcock said...