Boston resident Peter Lynch was recently inducted into the Caddie Hall of Fame in recognition of his time caddying as a teenager in Massachusetts and his use of caddying as a steppingstone to professional success.

Lynch, one of the most successful money managers in Wall Street history, 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, in Chicago.

Lynch caddied at Brae Burn Country Club in West Newton, which paved the way for him to receive a Francis Ouimet Fund Scholarship to attend Boston College. In 2010, he received the Ouimet Fund’s Richard F. Connolly, Jr. Distinguished Service Award for his dedication and commitment to supporting youth caddies.

Lynch would eventually manage the Magellan Fund at Fidelity.