BOSTON - It was in 1943, at a time when one million shares traded on the New York Stock Exchange on the busiest of days and only a handful of firms sold mutual funds, that Paul Cabot, a founder of the open-end mutual fund industry, decided his firm needed a fourth analyst to support its six partners.

So, Cabot hired George F. Bennett to join State Street Research & Management in Boston. Bennett has been with the firm ever since, serving as an analyst, portfolio manager, president and now honorary chairman of the board overseeing the fund Bennett managed for 27 years, State Street Research Investment Trust. Although he retired in 1988, Bennett, 87, still goes to the office regularly to read, listen and catch up on industry news.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.