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For Jeffrey Vinik, a Well-Timed Exit is the Ultimate Stock-Picker’s Finale
The famed money manager found that the struggle to raise money for an actively managed equity strategy was real.
Of the many lessons to be gleaned from Jeffrey Vinik’s decades-long career as a stock-picking virtuoso, the most important came last Wednesday: Know when to pack it in.The billionaire founder of Vinik Asset Management said he is closing the firm’s newly re-launched hedge fund as of November 15.“It has been
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