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Peter Lynch (born January 19, 1944) [1] is an American investor, mutual fund manager, author and philanthropist.As the manager of the Magellan Fund [2] at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, [3] consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.
This led to a lengthy recovery process (during which he became addicted to pain medications) after which, complete with a permanent disability and wearing a back brace, he was discharged from the Marine Corps. He passed his stockbroker's exam and took a position with Wall Street investment firm Merrill Lynch's Baltimore office.
In 1996 Lynch founded Autonomy, a search software company, with David Tabizel and Richard Gaunt. [9] With Lynch as chief executive officer (CEO), Autonomy became one of the UK's top 100 public companies, and a leading company in Silicon Fen. [12] [4] Lynch was described in the press as the British equivalent of the American businessman Bill Gates.
Ascensus, LLC. is an American financial services company that provides financial recordkeeping, tax-advantaged savings and retirement plan services. As of 2024, the company reports that it manages more than 14 million accounts and oversees more than $808 billion in assets under administration.
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[65] [66] [67] The financing included Bank of America Merrill Lynch, USRG Renewable Finance, and U.S. Bancorp. [ 65 ] [ 68 ] It had a partial $344 million federal loan guarantee through the U.S. Department of Energy Financial Institution Partnership Program; however, the guarantee was withdrawn after the project implementation started.
The 1992 Indian stock market scam was a market manipulation carried out by Mr Harshad Mehta and politicians on the Bombay Stock Exchange.That scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD.
Out of My Mind is a 2010 novel by Sharon M. Draper, a New York Times bestselling author. [1] The cover illustration of the fifth edition is by Daniel Chang, and the cover photography is by Cyril Bruneau/Jupiter Images. A reading group guide is enclosed. The book is recommended for ages 10-14 and for grades 5–8.