Investment icon Peter Lynch inducted into Caddie Hall of Fame

Recognized for using caddying as a steppingstone to professional success

CHICAGO, Ill. — Peter Lynch, one of the most successful money managers in Wall Street history, was inducted into the Caddie Hall of Fame on Friday, Nov. 3, in recognition of his time caddying as a teenager in Massachusetts and his use of caddying as a steppingstone to professional success.

Lynch was honored during a ceremony at the Western Golf Association’s Green Coat Gala, a black-tie affair at The Peninsula Chicago, where more than 300 supporters helped raised more than $8.4 million for the Evans Scholars Foundation.

“We take great pride in welcoming Peter Lynch – a remarkable person who has achieved tremendous professional success after getting his start as a caddie – to the Caddie Hall of Fame,” said Joe Desch, WGA chairman. “We are privileged to honor Peter’s outstanding career as well as his dedication to giving back in support of youth caddies.”

Lynch caddied at Brae Burn Country Club in West Newton, Massachusetts, which paved the way for him to receive a Francis Ouimet Fund Scholarship to attend Boston College. He also served as a lieutenant in the U.S. Army and earned his MBA from the Wharton School of Business. Lynch would eventually go on to manage the Magellan Fund at Fidelity – the best performing fund in the world under his leadership from 1977-1990.

He now serves as the president of the Lynch Foundation and vice chairman of Fidelity Management & Research Company. In 2010, he received the Ouimet Fund’s Richard F. Connolly, Jr. Distinguished Service Award for his dedication and commitment to supporting youth caddies.

“I loved being a caddie,” Lynch said. “There aren’t many jobs where you can have that much responsibility as a young person, and it’s so important. I learned respect, and I also learned what characteristics adults admired. Being a caddie helped me get my job at Fidelity.”

Administered by the Western Golf Association since 2011, the Caddie Hall of Fame highlights the tradition and importance of caddying by celebrating individuals who have devoted their lives to the game of golf through caddying or by supporting the role of caddies, and those who have used their experience as a youth caddie for future professional success.

The Caddie Hall of Fame was created by the Professional Caddies Association in 1999. Past inductees include Jack Nicklaus, Tom Watson, Charles “Chick” Evans, Jim “Bones” Mackay, Steve Williams, Joe LaCava, Jimmy Johnson, Charles Schwab and Peter Ueberroth.