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Feb 9, 2022 · Fidelity’s little-known passive investment business Geode Capital Management surged to $1tn in assets last year, underscoring its quiet emergence as a major player in the index fund industry.
That year, in 2003, Fidelity Investments hired Geode Capital Management to subadvise on three Spartan equity index funds. [6] In 2020, it had almost $720 billion assets under management with around 140 employees.
Geode is able to offer institutional investors the essential building blocks for today’s changing investment landscape. As of December 31, 2022, Geode manages over $866 billion.
Feb 11, 2021 · The Wall Street Journal reported this week on the growth of Geode Capital Management, Inc., and its success in helping its giant parent, Fidelity Investments, gradually establish a footprint in the all-consuming index fund category—a space where Fidelity was slow to commit its brand.
Jul 30, 2021 · Geode Capital Management will transfer $15 billion in active equity and tax-managed equity portfolios to Fidelity by year-end, according to a July 26 regulatory filing.
- Miles Weiss
Oct 24, 2022 · In March 2022, Fidelity completed an acquisition with Geode Capital Management which included a $3 billion customized SMA business for family offices, now known as Fidelity Institutional Custom SMAs.
Feb 10, 2021 · Geode Capital Management was spun out of the Boston-based firm nearly two decades ago. At the time, Fidelity Investments was content to be undercut by rivals in the low-cost index business and didn’t want to overshadow its powerful and famous stock pickers.
