Gerald Tsai
| Gerald Tsai Jr. | |
|---|---|
| Born |
Cai Zhiyong March 10, 1929 Shanghai, China |
| Died | July 9, 2008 (aged 79) New York City |
| Nationality | United States |
| Education | Wesleyan University (1947–48), Boston University (B.A., M.A. 1949) |
| Occupation | Investment management |
| Employer | Primerica, Fidelity Investments |
| Known for | Founder of Manhattan Fund |
| Spouse(s) |
|
| Children |
Christopher Tsai Veronica Tsai Gerald Van Tsai |
Gerald Tsai Jr. (Chinese: 蔡至勇; pinyin: Cài Zhìyǒng; March 10, 1929 – July 9, 2008) was a billionaire investor and philanthropist who helped build Fidelity Investments into a mutual fund powerhouse.
Tsai pioneered the use of performance funds in money management during the 1950s and 1960s. 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. 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.
Tsai later became CEO of a canning company, American Can Company, and turned it into the financial services giant Primerica. He was the first Chinese-American CEO of a Dow Jones Industrials company.
Tsai was born to Gerald Tsai Sr. and Ruth Tsai in Shanghai, where he lived as a child. His mother was a stockbroker.
His father attended the University of Michigan and was the Shanghai district manager for the Ford Motor Company.
Tsai attended St. John's University, Shanghai before moving to the United States in 1947. He attended Wesleyan University for one semester, and graduated from Boston University with a Bachelor's and Master's in Economics.
In 1951, Tsai began as a security analyst at Bache and Company.
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