Its current manager is William Danoff, who has headed the fund since 1990.
Contrafund's AUM (assets under management) as of July 2015 total over 112 billion USD.
"[2] This strategy has changed since the 1990s to become a fund focused on growth investing in large companies, and the Contrafund's strong history of growth has led to its being "a stalwart of many 401(k) plans".
[2] In 2015, Danoff's 25-year solo management became an issue of concern as Fidelity had not named a co-manager for Contrafund.
[3] Should Danoff become incapacitated without a co-manager or succession plan, Contrafund might face major redemptions from shareholders and lose its position in many large retirement plans which typically require at least three years of manager tenure.