Goodbye Centerbridge Partners, hello Fidelity Investments.
In another sign of gathering confidence in the duration of a dry bulk bull market, iconic US buy-and-hold investor Fidelity has become the top stakeholder in New York's Genco Shipping & Trading.
Fidelity unseats private equity's Centerbridge Partners, which has been gradually reducing its stake this year after helping to rescue the bulker owner during a financial restructuring in 2016.
