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Who is Jeff Vinik?

Meet Jeffrey Vinik

Born: March 22, 1959, Deal, N.J.

Lives: Weston, Mass.

Family: Wife, Penny; four children: Danny (19), Jared (17), Kyra (16) and Joshua (9)

Notable: Best known for managing the Fidelity Magellan mutual fund in the early 1990s. … After an ill-timed move out of stocks, he left Magellan in 1996, starting a highly successful hedge fund with Vinik Asset Management. He made investors a reported 93.8 percent return in his first 11 months (and about 50 percent a year for each of the three years after that). … At the end of 2000, he returned investors about $4.2 billion and concentrated on his own portfolio. … A Phi Beta Kappa graduate of Duke's School of Engineering, he earned a bachelor of science degree in 1981. Won Duke's Distinguished Alumni Award in 1994. … Received an MBA from the Harvard Business School in 1985. … Owns a minority interest in the Boston Red Sox. … Purchased the Tampa Bay Lightning hockey team Friday.

Who is Jeff Vinik? 02/05/10 [Last modified: Saturday, February 6, 2010 1:05pm]
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