Gerald Tsai

Gerald Tsai Brief Biography

Gerald Tsai Jr. ("?"?"?"? Cai Zhiyong, March 10, 1929 " July 9, 2008) was an American financier and philanthropist who helped make Fidelity Investments into a mutual fund powerhouse. Tsai pioneered the use of performance funds in money management during the 1950s and 1960s, and later turned a canning company into financial services giant Primerica.

After starting Fidelity Investments' first publicly sold aggressive growth fund in 1958, the Fidelity Capital Fund, he later founded the investment management firm the Manhattan Fund, an aggressive growth fund, in 1965. 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.

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