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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 18, 2018 · Jeff Vinik, the owner of the Tampa Bay Lightning and former manager of Fidelity Magellan fund, is known for his outsized bets as an investor. His latest one: silk.
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...
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...
Jan 10, 2019 · Vinik, who once ran Fidelity's Magellan mutual fund and then oversaw $10 billion at his own hedge fund, is starting for a third time, he told Reuters on Thursday.
Oct 24, 2019 · Vinik, who made a name for himself managing the Fidelity Magellan fund in the 1990s, re-opened the hedge fund in January. Veteran investor Jeff Vinik is to close the hedge fund he launched in March after it failed to attract the $2 billion to $3 billion he had hoped for from investors.
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Vinik managed the Fidelity Magellan Fund from 1992 to 1996, where he averaged 17% annual returns. [6] After leaving Fidelity, he started hedge fund Vinik Asset Management, with partners including Michael Gordon (now President of Fenway Sports Group).
