Edward ‘Ned’ Johnson, Former Fidelity CEO and Fund Pioneer, Dies

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Updated March 24, 2022 3:53 p.m. ET / Original March 24, 2022 3:49 p.m. ET

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Edward “Ned” Johnson III, who built Fidelity Investments into a elephantine financial-services steadfast and helped signifier the money-management industry, died connected Wednesday. He was 91.

In a LinkedIn station connected Thursday, Abigail Johnson, seat and main enforcement of Fidelity Investments, said her begetter died astatine location successful Florida surrounded by family. In the post, Abigail Johnson, who took the helm of the institution successful 2014 arsenic CEO, noted her father’s emotion of the banal marketplace and a bully debate, and his knack for taking the contrarian presumption connected “just...

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