A fledgling asensio.com takes on Fidelity, the mutual fund Goliath.

In 1998 – just two years after asensio.com began its unique short-selling focused research – asensio.com became the source of articles questioning the involvement of Fidelity, the massive mutual fund operator, in Avant! Corp., a company whose executives were subject to criminal investigation (that later resulted in convictions for securities fraud and trade secret theft).