How did Jeffrey Vinik make his money?
How did Jeffrey Vinik make his money? In the early and mid-’90s, he managed the Fidelity Magellan Fund, then the world’s largest mutual fund with more than $56 billion in assets in 4.4 million accounts. He stepped down in 1996 and later started his own hedge fund, Vinik Asset Management, to serve select institutional and private clients.
In the early and mid-’90s, he managed the Fidelity Magellan Fund, then the world’s largest mutual fund with more than $56 billion in assets in 4.4 million accounts. He stepped down in 1996 and later started his own hedge fund, Vinik Asset Management, to serve select institutional and private clients.
