Gerald Tsai Jr. (Chinese: 蔡至勇; pinyin: Cài Zhìyǒng; March 10, 1929 – July 9, 2008)[1][2] was an investor and philanthropist who helped build Fidelity Investments into a mutual fund powerhouse.
[6] 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.
[8][9] His father attended the University of Michigan and was the Shanghai district manager for the Ford Motor Company.
By 1965, Tsai had sold his Fidelity stock and started the Manhattan Fund which won him widespread attention.
American Can was a container production and food packaging business, and Tsai orchestrated its shift toward the more lucrative financial services sector.
[2] A year later, Primerica and Commercial Credit Group, headed by Sanford I. Weill were combined in a $1.65 billion deal.
With 1.5 million shares, Tsai remained the largest shareholder and was named a director, while Weill ran the company.
[10] In 1987, Tsai married Cynthia Ann Ekberg, the then vice president of Kidder Peabody & Company in San Diego.
Her father is the president of the Barron Capital Corporation, financial consultants in San Diego.
[23][24][25] The New York Times and CBS News reported that the investor sued Ms. Bush in Manhattan Supreme Court after she refused to return the ring.