Jeffrey Vinik

Jeffrey N. Vinik (born March 22, 1959) is the current owner of the Tampa Bay Lightning (NHL) and the Tampa Bay Storm (AFL),[1] as well as a minority owner of the Boston Red Sox (MLB).[2] He is also on the board of directors for Liverpool Football Club of the Premier League.[3]

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Early life

Vinik was born in Deal, N.J[4] He graduated Phi Beta Kappa from Duke University in 1981 with a bachelor of science in civil engineering.[5] He also obtained an MBA from Harvard Business School in 1985.

Career

Vinik managed the Fidelity Magellan Fund from 1992 to 1996, where he averaged 17% annual returns.[6] After leaving Fidelity, he started a hedge fund called Vinik Asset Management. He made investors 93.8% in his first 11 months and approximately 50% a year for the next three years. At the end of 2000, Vinik returned investors $4.2 billion and focused on managing his own portfolio.[7]

Philanthropy

Vinik and his wife, Penny, donated $5 million to Duke's engineering school.[8]

References