MutualFundWire.com: 4. Ned Johnson
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, November 24, 2010|
4. Ned Johnson
Fidelity [see profile] may no longer have the most AUM, but it is still the most profitable. Jack Bogle likes to point out that Fidelity's shareholders (namely the Johnsons) have collected $2.5 billion from the firm. That statement may be misleading. Fidelity's fees are lower than the industry average and the firm continues to be a leader in providing technology to the corporate world that support its massive 401(k) and HR administration businesses.
| Ned Johnson|
Meanwhile the rumors of Ned Johnson's departure have quieted and he still runs the show.
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