While there's no detailed disclosure about Danoff's Fidelity compensation, the amount of assets in his family's charitable foundation has surged to about $70 million in recent years, according to filings with the U.S. Internal Revenue Service. In 2015, Danoff contributed $31.1 million to the charity, including $12 million in Contrafund shares that he personally owned.

Danoff declined to comment.

F-Prime's investments are managed by a closely held advisory firm, Impresa Management. Fidelity said the role of F-Prime and Impresa in the pay of its portfolio managers does not influence their stock picks for the mutual funds they run.

"It is simply not plausible that portfolio managers would invest on behalf of their funds in a way that would negatively impact the performance of the fund in order to boost the value of an Impresa investment," Fidelity said in a statement. "Our compensation model for portfolio managers aligns their interests with the interests of the funds and other client accounts they manage, and we believe that relevant conflicts of interest relating to (portfolio manager) compensation have been disclosed in the funds' SEC filings required by the rules."

This article was provided by Reuters.

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