Gerald Tsai

Gerald Tsai Jr.
Born
Cài Zhìyǒng

(1929-03-10)March 10, 1929
Shanghai, China
DiedJuly 9, 2008(2008-07-09) (aged 79)[1]
New York City
NationalityAmerican
EducationWesleyan University (1947–48), Boston University (B.A., M.A. 1949)[2]
OccupationInvestment management
Employer(s)Primerica, Fidelity Investments
Known forFounder of Manhattan Fund
Spouses
  • Loretta Young
  • Marlyn Chase
  • Cynthia Ann Ekberg
  • Nancy Raeburn aka Nancy Tsai
[2][3]
ChildrenChristopher Tsai
Veronica Tsai
Gerald Van Tsai[2]

Gerald Tsai Jr. (Chinese: 蔡至勇; pinyin: Cài Zhìyǒng; March 10, 1929 – July 9, 2008)[1][2] was an investor and philanthropist who helped build Fidelity Investments into a mutual fund powerhouse.[4][5]

After starting Fidelity Investments' first publicly sold aggressive growth fund in 1958, the Fidelity Capital Fund, he later founded the Manhattan Fund, an aggressive growth fund, in 1965. Tsai sold his interest in the fund complex in 1968 but continued to manage the funds. By 1969 the funds collapsed, losing 90% of their value.[6] An early proponent of momentum investing, Tsai's specialty was concentrating his portfolios on narrow batches of glamour stocks, including Xerox and Polaroid Corporation, at a time when broad diversification was the prevailing wisdom.[7]

Tsai later became CEO of a can company, American Can Company. He was the first Chinese-American CEO of a Dow Jones Industrials company.[2]

  1. ^ a b "Virtuoso investor Gerald Tsai Jr. dies". UPI. 2008-07-11. Retrieved 2010-08-24.
  2. ^ a b c d e Cite error: The named reference nytobit was invoked but never defined (see the help page).
  3. ^ "Palm Beach Police: Billionaire's ex conned woman, 92, into... | www.palmbeachpost.com". Archived from the original on 2014-04-26.
  4. ^ Forbes, "Jerry Tsai's Smart Timing", January 10, 2000
  5. ^ Brozan, Nadine (4 October 2008). "Field Notes: If Things Fall Apart, Who Gets the Engagement Ring? - The New York Times". The New York Times. New York Times, "If Things Fall Apart, Who Gets the Ring", October 3, 2008
  6. ^ Nocera, Joe (December 24, 2008). "The Go-Go Investor". New York Times. Retrieved October 15, 2007.
  7. ^ Charles D. Ellis, James R. Vertin. "Wall Street People: True Stories of Today's Masters and Moguls". John Wiley and Sons, 2001, (pp. 159-162), ISBN 0-471-23809-0