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Jeffrey Vinik

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BUSINESS
October 24, 1997 | Bloomberg News
Jeffrey Vinik, the former manager of Fidelity Investments' flagship Magellan Fund, posted 93.8% returns after fees in the first 11 months he's managed money on his own, said a person familiar with Vinik's performance. Vinik Asset Management, which he started in Boston on Nov. 1, 1996, invests in U.S. stocks on behalf of institutions and wealthy individuals who commit a minimum of $2 million to his hedge fund. The returns through Sept.
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BUSINESS
August 19, 1999 | Times Staff, Bloomberg News
Jeffrey Vinik and his former employer, Fidelity Investments, may still be going their separate ways--at least when it comes to tech stocks. Vinik, former manager of Fidelity's flagship Magellan Fund, rushed back into the market in the quarter ended June 30, raising the stock investments in his hedge fund by $4 billion and loading up on technology shares in particular, according to regulatory filings released Wednesday. Meanwhile, Fidelity, the biggest U.S. mutual fund company, sold a net $4.
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BUSINESS
June 2, 1999 | Bloomberg News
Jeffrey Vinik, former manager of Fidelity Investments' flagship Magellan Fund, cut his U.S. stock holdings by about $3 billion, or 79%, during the first quarter, regulatory filings show. Vinik's fund, the $2.5-billion Vinik Asset Management, had $817 million in 62 U.S. stocks at the end of March, compared with $3.8 billion in more than 150 domestic equities at the end of 1998, according to Securities and Exchange Commission papers. Vinik sold his stakes in Intel Corp., Microsoft Corp.
BUSINESS
June 2, 1999 | Bloomberg News
Jeffrey Vinik, former manager of Fidelity Investments' flagship Magellan Fund, cut his U.S. stock holdings by about $3 billion, or 79%, during the first quarter, regulatory filings show. Vinik's fund, the $2.5-billion Vinik Asset Management, had $817 million in 62 U.S. stocks at the end of March, compared with $3.8 billion in more than 150 domestic equities at the end of 1998, according to Securities and Exchange Commission papers. Vinik sold his stakes in Intel Corp., Microsoft Corp.
BUSINESS
August 5, 1998 | Dow Jones
Funds managed by Jeffrey Vinik acquired a 6.3% stake in QLogic Corp. during the second quarter, according to regulatory documents filed Tuesday. The investment partnerships purchased 542,500 shares of QLogic common stock during the three months. Vinik in the past often has purchased large stakes in technology companies over a short period of time, in some cases several weeks. Vinik, former portfolio manager for Fidelity Magellan Fund Inc., now manages hedge funds out of a Boston office.
BUSINESS
August 19, 1999 | Times Staff, Bloomberg News
Jeffrey Vinik and his former employer, Fidelity Investments, may still be going their separate ways--at least when it comes to tech stocks. Vinik, former manager of Fidelity's flagship Magellan Fund, rushed back into the market in the quarter ended June 30, raising the stock investments in his hedge fund by $4 billion and loading up on technology shares in particular, according to regulatory filings released Wednesday. Meanwhile, Fidelity, the biggest U.S. mutual fund company, sold a net $4.
BUSINESS
October 6, 1996 | RUSS WILES, SPECIAL TO THE TIMES; Russ Wiles, a financial writer for the Arizona Republic, specializes in mutual funds
If investors visualized mutual funds as vegetable gardens, they might have a better idea of what they own. With some funds, they would find the stock or bond holdings arranged in neat, carefully labeled rows just the way the prospectus described them--technology and small stocks over here, utility and other high-dividend issues over there.
BUSINESS
January 7, 1997
Pacific Sunwear of California Inc. continues to attract investment groups. Zweig-DiMenna Partners and its affiliates have acquired a 5.6% stake in the casual apparel retailer, according to a report filed Monday with the Securities and Exchange Commission. The investors acquired 453,900 common shares as an investment. The group's most recent transactions include the net purchase of 57,900 shares at $21.23 to $26.62 each between Nov. 1 and last Thursday, according to the SEC filing.
BUSINESS
July 11, 1997 | (Bloomberg News)
Vinik Partners LP and affiliates cut their stake in Pacific Sunwear of California Inc. to 4.8% from 8% of the company's outstanding common shares. The Vinik group, led by former Fidelity Investments fund manager Jeffrey Vinik, said in a filing Thursday with the Securities and Exchange Commission that it recently sold shares at $30.87 to $36.72 a share. The investment group now owns 390,100 shares, according to the filing, down from the 645,100 shares the group said it held in April.
BUSINESS
June 14, 1996 | From Associated Press
Investors withdrew more than $1 billion from Fidelity's Magellan Fund last month, according to a report by a company that monitors the mutual fund giant. The report, published Wednesday by Alpha Equity Research, said investors were reacting to bad publicity about Magellan, which switched managers in May and has lagged many market indexes this year. The Magellan Fund's assets stood at $55 billion at the end of May, down from $56 billion at the beginning of the month.
BUSINESS
August 5, 1998 | Dow Jones
Funds managed by Jeffrey Vinik acquired a 6.3% stake in QLogic Corp. during the second quarter, according to regulatory documents filed Tuesday. The investment partnerships purchased 542,500 shares of QLogic common stock during the three months. Vinik in the past often has purchased large stakes in technology companies over a short period of time, in some cases several weeks. Vinik, former portfolio manager for Fidelity Magellan Fund Inc., now manages hedge funds out of a Boston office.
BUSINESS
October 24, 1997 | Bloomberg News
Jeffrey Vinik, the former manager of Fidelity Investments' flagship Magellan Fund, posted 93.8% returns after fees in the first 11 months he's managed money on his own, said a person familiar with Vinik's performance. Vinik Asset Management, which he started in Boston on Nov. 1, 1996, invests in U.S. stocks on behalf of institutions and wealthy individuals who commit a minimum of $2 million to his hedge fund. The returns through Sept.
BUSINESS
October 6, 1996 | RUSS WILES, SPECIAL TO THE TIMES; Russ Wiles, a financial writer for the Arizona Republic, specializes in mutual funds
If investors visualized mutual funds as vegetable gardens, they might have a better idea of what they own. With some funds, they would find the stock or bond holdings arranged in neat, carefully labeled rows just the way the prospectus described them--technology and small stocks over here, utility and other high-dividend issues over there.
BUSINESS
June 26, 1996 | From Bloomberg Business News
The assets of Fidelity Investments' Magellan Fund have fallen about $1.87 billion since March 31 as its investments lagged the markets, shareholders withdrew funds and manager Jeffrey Vinik resigned. Magellan assets have fallen to about $54.29 billion from $56.16 billion on March 31 amid net withdrawals over the last 2 1/2 months, according to Fidelity Insight, an independent newsletter that tracks the nation's No. 1 fund group. The fund's total return was a negative 0.12% since March 31.
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