MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 7, 2013 An Ex-Magellan PM Shuts Down His Hedge Fund Shop It's "Death of an Investment Firm." Jerry Vinik, former PM of Fidelity's Magellan Fund, is shutting down his hedge fund firm, Vinik Asset Management, according to the Wall Street Journal, the IVC Post, and P&I. According to the news accounts, Vinik is closing shop after poor investing performance. People are abandoning ship to start their own shops. Vinik, who also owns the NHL Tampa Bay Lightning hockey franchise, plans to return billions to investors by the end of June. Printed from: MFWire.com/story.asp?s=43811 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |