Peter S. Lynch

Peter S. Lynch is Vice Chairman of Fidelity Management and Research, the investment advisory arm of Fidelity Investments, where he has worked since 1969. He is also President and Chairman of The Lynch Foundation, which supports programs that focus on education, cultural and historic preservation, healthcare and medical research as well as the religious and education efforts of the Roman Catholic Church. From 1974 to 1977 Lynch was Director of Research at Fidelity, and from 1977 until his retirement in 1990 he was Manager of the Magellan Fund at Fidelity. During his tenure at the Magellan Fund, Lynch averaged a 29.2% annual return, consistently more than doubling the S&P 500 market index and making it was the best performing mutual fund in the world and the best 20-year return of any mutual fund ever. During this time, Magellan's assets under management increased from $18 million to $14 billion. With John Rothschild, Lynch has co-authored three popular books about investing: One Up on Wall Street (Simon & Schuster, 1989), Beating the Street (Simon & Schuster, 1993), and Learn to Earn (Wiley, 1997). He is a Knight of Malta and was awarded the Order of St. Gregory the Great. He has received honorary degrees from 15 colleges and universities, including his alma mater Boston College. For 20 years, he served as chairman of the Inner-City Scholarship Fund, raising over $150 million in partial scholarships for children of all faiths and backgrounds living in Greater Boston and attending inner-city Catholic schools. He also partly funded the highly successful Urban Catholic Teachers Corps, which has trained more than 170 urban Catholic School teachers in the Boston area. In 2000, Boston College named its School of Education after Peter and Carolyn Lynch. Carolyn Lynch died suddenly from leukemia in October 2015. He has served on the boards of Fidelity mutual funds (currently an Advisory Board member), Morrison Knudsen, and W.R. Grace. Lynch is a Trustee of Boston College, and has served on numerous nonprofit boards, including the John F. Kennedy Presidential Library and Museum, the Museum of Fine Arts (Boston), the American Ireland Fund, the Massachusetts Eye and Ear Infirmary, the Catholic Schools Foundation (Chair), and the Third Century Foundation. He is a member of the Board of Fellows of Harvard Medical School and a Council member of Historic New England. Lynch received the B.S. degree (1965) from Boston College and the M.B.A. (1968) from the University of Pennsylvania’s Wharton School of Business. From 1997 to 2001 he served as a member of the Academy's Council and its Treasurer, and he has also been a member of the Audit and Financial Review Committee, the Development Committee, the Strategic Planning Steering Committee, the Investment Committee, and the Budget Committee.