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Magellan's Ex-Chief Finds New Success With His Hedge Fund.

Authors :
Zuckerman, Gregory
Source :
Wall Street Journal - Eastern Edition. 7/25/2005, Vol. 246 Issue 16, pC1-C4. 2p. 1 Black and White Photograph, 1 Chart.
Publication Year :
2005

Abstract

Focuses on the financial success of Jeffrey Vinik, who left Fidelity Investments in 1996 to run hedge-fund company Vinik Asset Management LP. Value of assets held by Vinik; Percentage increase in Vinik's fund in 2005, noting it has outperformed the Standard & Poor's 500-stock index and the overall hedge-fund business; Performance of Vinik's biggest stock holdings, including Legg Mason Inc., Google Inc., Nordstrom Inc. and Urban Outfitters Inc.; Indication of volatility within Vinik's portfolio; Differences between Vinik's investment strategy and that of other successful hedge-fund managers.

Details

Language :
English
ISSN :
00999660
Volume :
246
Issue :
16
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
17693020