Magellan assets fall \$496m in August Fidelity Investments' flagship equity fund, Magellan, saw assets slip about \$496 million in August, to \$61.9 billion, primarily a result of investor withdrawals. The fund had a year-to-date loss of 1.56 percent through Aug. 31, compared with the 0.43 percent gain of its benchmark, the Standard  amp; Poor's 500 Index. Year-to-date through July 31, the fund lost 1.79 percent. According ...