BOSTON--(BUSINESS WIRE)--Fidelity Investments®, one of the industry’s most diversified financial services organizations with more than $7.1 trillion in client assets, today announced the launch of Fidelity Founders Fund (FIFNX), with retail and advisor share classes.
Portfolio manager Dan Kelley will focus on investing primarily in companies where the founder is either a member of the senior management team or is on the company’s board of directors. Kelley will use fundamental and quantitative analysis to find what he believes to be mispriced investment opportunities as well as companies with strong earnings growth potential across the market cap spectrum.
“Our research and experience shows us that founder-led companies tend to be more innovative, customer focused, and better generators of shareholder value than companies without founder engagement,” says Kelley. “However, not every founder is created equal, which is why conducting deep fundamental analysis and rigorous on-the-ground research is crucial in seeking to deliver the best long-term value to shareholders.”
Kelley is a 14-year Fidelity veteran and an 18-year industry veteran. He currently manages Fidelity Puritan Fund and Fidelity Advisor Diversified Stock Fund.
About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.1 trillion, including managed assets of $2.6 trillion as of January 31, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 30 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.
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