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PETER LYNCH

Peter Lynch is a member of the Board of Trustees of the Fidelity Group of Funds. From May 1977 to May 1990, he was the portfolio manager of Fidelity’s Magellan Fund - which rose 28-fold per share for the best performing fund in the world. In May 1977, Magellan was only $20 million in size. By the time Mr. Lynch retired in 1990, it was over $14 billion and had over a million shareholders, making it the largest equity fund in the world. In the last five years when Magellan was the largest fund in the world, it outperformed 99% of all stock funds.

Mr. Lynch also was executive vice president and director of Fidelity Management & Research Company, a managing director of FMR Corp. and a leader of the Growth Group at Fidelity Investments. Author of the bestseller, One Up On Wall Street, Mr. Lynch completed his second book in March of 1993. This book, Beating The Street, remained # 1 on The New York Times best-seller list for 8 weeks and is also published by Simon & Schuster. His first book was translated into Japanese, Swedish, Korean, German, Spanish and French.

Prior to joining Fidelity Investments in 1969, Mr. Lynch served as a lieutenant in the U.S. Army. He is a member and former director of the Boston Society of Security Analysts. Mr. Lynch is a 1965 graduate of Boston College and a M.B.A. graduate of the University of Pennsylvania-Wharton School of Business Administration.

Corporate Biography

  • Fidelity Management & Research Company, Vice-Chairman

  • Fidelity Group of Funds, Trustee

Charitable & Cultural Functions

  • AmeriCares: Advisory Board

  • Catholic Schools Foundation Boston College: Trustee

  • John F. Kennedy Library Foundation: Trustee

  • Library of Congress: Trust Fund Board

  • Massachusetts General Hospital: Board of Trustees

  • Museum of Fine Arts: Trustee

Awards Received

  • National Business Hall of Fame, Fortune Magazine

  • Wall Street Week Hall of Fame, Wall Street Week with Louis Rukeyser

  • Fellow, The American Academy of Arts and Sciences

  • The Outstanding Alumnus 1994, Wharton School of Finance

  • Honorary Doctor, Boston College, Boston, MA

  • Honorary Doctor, Emmanuel College, Cambridge, MA

  • Honorary Doctor of Humane Letters, Loyola College, Maryland

  • Honorary Doctor of Law, University of Massachusetts, Boston, MA

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