Tributes poured in on social media from investment management executives upon learning that Fidelity Investments Chairman emeritus Edward "Ned" C. Johnson III had passed away. Johnson died March 23, 2022 of natural causes at the age of 91.
Rita Robbins, president, Affiliated Advisors, New York, said of Johnson,"Ned Johnson was a restless innovator, bringing new strategies to Main Street Investors. Pushing beyond conventional boundaries within the financial services industry, his creativity and foresight forever changed the investment landscape. He offered access to rewarding segments of the capital markets that had previously been off limits to individual investors."