-
Billionaire investor Jeffrey Vinik closes hedge fund less than a year after its relaunch
video Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, is cutting his comeback tour short. “It has been much harder to raise money over the last several months than I anticipated,” Vinik said in a letter dated Wednesday to investors. The Wall Street Journal first reported the news. CNBC later confirmed it. “The climate for raising long-short equity hedge fund assets has been far more difficult than I expected, and performance of the VAM funds, while good ... has not provided the necessary momentum to bring in our desired level of investments.” Vinik Asset Management ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 23, 2019 11:58pm Oct 23, 2019 11:58pm
- mmforexinfo
- | Joined Jan 2012 | Status: Member | 305 Comments
- Comment #2
- Quote
- Oct 24, 2019 12:33am Oct 24, 2019 12:33am
- Bicarus
- Joined Nov 2014 | Status: Yoda | 231 Comments
- Comment #3
- Quote
- Oct 24, 2019 3:01am Oct 24, 2019 3:01am
- mae4206
- Joined Jul 2011 | Status: Cool ☺ | 244 Comments
- Comment #4
- Quote
- Oct 24, 2019 4:38am Oct 24, 2019 4:38am
- ultra99
- | Joined Jan 2012 | Status: Member | 115 Comments