Here is a link to an article about Abigail Johnson. Abigail took over as CEO of Fidelity in October, a position formerly held by her father. The article talks about her strengths and weaknesses. It will be interesting to see where she takes the company. I am hoping she will expand the number of index funds, but it sounds doubtful for the short term.
Here is an excerpt:
The comments were pretty interesting too.
Here is an excerpt:
Fidelity Investments’ New Chief Confronts Market Shift - WSJDespite the numbers, Ms. Johnson believes investors’ push into passive funds is a temporary trend and will reverse when performance improves, according to executives who are familiar with her thinking. “She believes it’s cyclical,” said Brian Hogan, president of Fidelity’s equity division.
The comments were pretty interesting too.