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Oct 28, 2019 · So he quit — not only Magellan and Fidelity Investments but the mutual fund business altogether, striking out with his own hedge fund instead.
- Richard Teitelbaum
Oct 24, 2024 · Vinik, 65, made a fortune operating his own hedge funds and managing Fidelity's flagship Magellan Fund. His net worth is estimated at more than $600 million. He remains a part-owner of baseball’s Boston Red Sox.
Oct 24, 2024 · The NHL’s Board of Governors approved a partial sale of the Lightning from majority owner Jeff Vinik to a group of investors led by Doug Ostrover and Marc Lipschultz, the team announced today. The sale was approved on Oct. 1, one week before the regular season began.
Nov 8, 2016 · Ten years ago, Jeff Vinik retired from Fidelity Investments after managing its high profile Magellan Fund. Worth an estimated half a billion, it’s safe to say Vinik can live wherever he...
After leaving Fidelity, he started hedge fund Vinik Asset Management, with partners including Michael Gordon (now President of Fenway Sports Group). He made investors 93.8% in his first 11 months and approximately 50% a year for the next three years.
Oct 24, 2024 · Lightning owner Jeff Vinik has "sold a portion" of the team to a new investment group -- but "will retain full control of the Bolts for the next three years,” according to Ashley Kritzer of the TAMPA BAY BUSINESS JOURNAL.
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Oct 24, 2019 · Institutional investors have lost their appetite for stockpickers after years of poor performance, according to the former Fidelity Investments star Jeff Vinik, who announced the closure of...
