Fidelity Investments' Edward C. “Ned” Johnson III and Oaktree Capital Management's Howard Marks will be inducted into the Fixed Income Analysts Society Inc. Hall of Fame in April.
Mr. Johnson, chairman of Fidelity's parent company, FMR LLC, and Mr. Marks, founder and co-chairman of Oaktree, will become the 46th and 47th inductees into the FIASI Hall of Fame.
They will be honored at a gala dinner on April 21 at the Roosevelt Hotel in New York. Charlie Morrison, president of Fidelity's asset management unit, will accept the honor on Mr. Johnson's behalf.
Mr. Johnson is being honored for his achievements at Fidelity — making the firm one of the largest money managers in the world — and also for his contribution to the global financial markets. Mr. Marks is being inducted for his contributions to fixed-income investing, being “a standout member of the distressed investing community,” said Adam Cohen, FIASI vice president.
In a phone interview, Mr. Cohen said that for the past 20 years the organization has typically inducted one or two people who have made “significant contributions to fixed-income investing.”
“The contribution could be academic or it could be in investment management,” Mr. Cohen added.
FIASI is a New York-based not-for-profit organization dedicated to educating its membership and the investment community on a range of topics in fixed-income investing from municipal bonds to changes in ratings methods.