GERALD TSAI ’47

GERALD TSAI, 79, a fund manager and financier who pioneered the creation of performance–oriented mutual funds, died July 9, 2008. After spending one semester at Wesleyan, he transferred to Boston University, where he earned bachelor’s and master’s degrees in economics. He started Fidelity Investments’ first aggressive growth fund, and from that first success he established other funds, which he sold or out of which he created conglomerates. He was the chief executive of Primerica and was one of the founders of what eventually became Citigroup. Three children and five grandchildren survive.