What Happened to Gavin Baker?

Gavin Baker established himself as a notable figure in the investment world through his nearly two-decade tenure at Fidelity Investments. Joining Fidelity in 1999 after earning degrees in History and Economics from Dartmouth College, Baker rose through the ranks, managing various Select portfolios before taking the helm of the $17-billion Fidelity OTC Fund from 2009 to 2017. During his eight years managing the OTC Fund, it achieved an impressive compound annual return of approximately 19.3% net of fees, outperforming over 99% of its Morningstar peers and earning him six Lipper Awards. His exceptional performance led to him being named the Boston Globe's 'Fund Manager of the Year' in 2014.

Baker's successful run at Fidelity came to an abrupt end in October 2017 when he was dismissed amid allegations of sexual harassment involving a junior female employee. While a spokesman for Baker 'strenuously' denied the allegations, Fidelity stated it investigates such claims immediately and takes appropriate action. His departure was part of a broader internal review at Fidelity concerning workplace conduct.

Following his departure from Fidelity, Baker founded Atreides Management, LP, in January 2019. Based in Boston, Atreides operates as a crossover fund, investing in high-growth technology and consumer companies across both public and private markets with a long-term perspective. The firm quickly grew, and by Q2 2026, its reported 13F portfolio value reached approximately $14.34 billion.

As Chief Investment Officer of Atreides, Baker has become a prominent voice in the technology investment landscape, particularly concerning artificial intelligence. He is known for his innovation-driven growth investing approach, emphasizing long-term secular growth, data-driven research, and a deep understanding of market disruption. In 2026, Baker frequently shared his insights on AI's infrastructure, the 'memory crunch' in semiconductors, and the economics of data centers, appearing on podcasts like 'All-In' and 'The A16z Show' and presenting at events like Sohn New York.

Most recently, in September 2026, Baker publicly expressed regret over earlier comments dismissing opposition to data centers, acknowledging 'reasonable concerns' about their impact and offering a more nuanced perspective on their benefits for blue-collar workers and small towns, while also highlighting the industry's efforts to address issues like water usage and environmental impact. He continues to be a highly active and influential investor, with Atreides Management making significant bets on AI-related companies and infrastructure.