thought Eddie. Related Topics: . Try again later. 2023 Forbes Media LLC. Are you a close relative of Edward? He later became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the famous Fidelity Magellan Fund from 1963 to 1977. During his tenure at the top, assets jumped to more than $2.1 trillion from $3.9 billion, making Fidelity the second-biggest U.S. mutual fund company. I thought you might like to see a memorial for Edward Crosby Ned Johnson III I found on Findagrave.com. Please ensure you have given Find a Grave permission to access your location in your browser settings. Fidelity was the worlds biggest mutual fund manager for more than two decades until 2010, when it was surpassed by Vanguard, which benefited from investor demand for low-fee passively managed index funds. Thanks for your help! Abigail Johnson is the third generation of the family to run the company. BabyTronEnthusiast727 (@jamesedwardjohnsoniii) | TikTok Mutual Fund Billionaire Edward "Ned" Johnson III Dies At 91 - Forbes It will be run by the person who is determined to have the right skills and chemistry. Edward "Ned" Johnson III, who revolutionized the money-management industry by promoting mutual funds for retirement plans and money market checking accounts while head of Fidelity. 2023 Forbes Media LLC. Eddie was excited. He was a visionary, innovator, thought leader, entrepreneur. The company was a pioneer in the direct marketing of mutual funds and one of the first to offer 401(k) administration. https://www.findagrave.com/memorial/238053399/edward-crosby-johnson. Edward "Ned" Johnson III, who led mutual fund giant Fidelity as CEO for 37 years until 2014, died at age 91 in March 2022. He is a native of Ypsilanti, Michigan, U.S. Edward Ned Johnson III, who transformed Fidelity Investments into a financial giant and the largest administrator of workplace retirement plans, died Wednesday at his Florida home. He was 91. Search above to list available cemeteries.