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Tuesday, May 24, 2016

Where Is This Peter Lynch Protege Now?

News summary by MFWire's editors

One of Peter Lynch's former proteges just gained some ink in the Boston Globe.

Karen Firestone
Aureus Asset Management
Chairman, Chief Executive Officer
The paper profiles Karen Firestone, co-founder of Boston-based RIA Aureus Asset Management. Aureus focuses on managing money for high net worth families and has $1.4 billion in AUM.

Firestone joined Fidelity in 1983, as an assistant PM under Lynch. She rose to full PM in 1997 and took over the Fidelity Destiny I Fund in 2000. She left Fido in 2005 and co-founded Aureus with David Scudder, a former Wellington Management Company partner.

The profile features "five things you should know about Karen Firestone." She shares her memories of the pain of the 2000-2001 bursting of the tech bubble.

The profile notes that Firestone's son, Mike Firestone, is tied to a pair of prominent Massachusetts Democrats. Mike Firestone worked on U.S. Senator Elizabeth Warren's successful campaign and managed Maura Healey successful run for Attorney General of Massachusetts. 

Edited by: Neil Anderson, Managing Editor


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