When Abigail Johnson began her apprenticeship at Fidelity Investments 25 years ago, the Boston- based firm founded by her grandfather was the nation’s biggest mutual-fund company and star manager Peter Lynch was enjoying a performance streak at the Magellan Fund -- a 29 percent average return over 13 years -- that ranks among the best in the industry’s history.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein left a White House meeting with President Barack Obama and said lawmakers are risking the economic recovery if they don’t raise the federal debt ceiling.
Fidelity Investments resolved the long-running question over its succession plan by naming Abigail P. Johnson president, putting the daughter of Chairman Edward C. “Ned” Johnson III in charge of the key businesses at the second-largest mutual-fund company in the U.S.
Fidelity Investments named Abigail P. Johnson president, putting the daughter of Chairman Edward C. “Ned” Johnson III in charge of all the key businesses at the second-largest mutual-fund company in the U.S.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Fidelity Investments’ Edward “Ned” C. Johnson III , the chairman and chief executive officer of the second-biggest U.S. mutual-fund company, stepped down as trustee and chairman of a board that oversees the firm’s stock and income funds.
Aug. 29 (Bloomberg) -- In "Street News," Bloomberg's Sara Eisen reports on today's top stories including Fidelity Investments naming Abigail P. Johnson president.She speaks on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)
Fidelity Investments, the world’s largest mutual-fund manager, named Abigail P. Johnson to oversee distribution and hired Ronald P. O’Hanley as head of asset management, splitting responsibility for running the company after President Rodger Lawson left in March.
Fidelity Investments, the second- largest U.S. mutual fund company, said operating income declined 29 percent as fee pressure, low interest rates and redemptions from its active equity funds hurt revenue.