Geode Capital Management, LLC is a Boston-based systematic asset manager that originated in 2001 as a research and development group within Fidelity Investments. It was spun out as an independent, private company in 2003. Geode specializes in systematic, risk-managed investment strategies across various asset classes, including equity, bonds, and commodities. The firm is well-known for serving as a sub-adviser for many of Fidelity's index funds and provides a range of investment solutions, from passive indexing (beta) to quantitative active strategies (alpha), for a global base of institutional clients and financial advisors.