Search results
Founded by Ned Johnson in 1963 as the Fidelity International Fund during what Peter Lynch called the "great fund boom", it was renamed the Magellan Fund in 1965. As Lynch recounted, the early sales staff of the Magellan Fund was mostly part-time, traveling employees until the 1973–1974 stock market crash led to a severe decline in interest.
Abigail Pierrepont Johnson (born December 19, 1961) is an American billionaire businesswoman and the granddaughter of late Edward C. Johnson II, the founder of Fidelity Investments.
Fidelity International Limited is founded in Bermuda to manage mutual funds available exclusively to overseas investors. A research office also opens in Japan.
Edward Crosby Johnson II (January 19, 1898 – April 2, 1984) was an American businessman and lawyer who founded Fidelity Investments.
Edward C. Johnson III (Ned) graduated from Harvard in 1954, served in the army for two years, and worked at a bank before joining his father's company in 1957. Between 1961, when Ned became manager of the newly established Trend Fund, and 1965 the Trend Fund ranked first among growth funds.
About Abigail Johnson. Abigail Johnson has served as CEO of Fidelity Investments since 2014, when she took over for her father, and has been chairman since 2016. Her grandfather, Edward Johnson...
People also ask
Who founded Fidelity Investments?
How did fidelity start?
Who owns Fidelity Insurance Company?
When was the fidelity fund created?
Founded by Edward Johnson II in 1946, the company is still managed by the family who own 49% of the company. Fidelity employees own the remaining 51% of the company.
