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Father-daughter roles at companies- "Ned" Johnson and Abigail Johnson at U.S. financial services firm Fidelity Inc.
04/08/2015
Abigail Johnson brings a different style of management to Fidelity. Her father who built the company from $5 billion in assets to $2 trillion, was known to take risks to build the company. "Ned" Johnson built the company with actively managed mutual funds, giving investors the opportunity to invest in other company managed funds, and invested in technology with its first website in 1995. Abigail is more cautious and prone to studying the situation carefully. Father and daughter disagree on ways to manage the company. Abigail preferred to partner with more established Black Rock for ETF's than to do on its own. Abigail is confident that actively managed mutual funds will do well once the market improves, even though passivel managed funds are growing rapidly at the expense of actively managed funds for the last ten years.
Grouped Articles
Fidelity’s New Chief Confronts Market Shift
Wall Street Journal 04.08.2015
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