Hedgie Vinik Picks Hall Of Famer To Run Hockey Team

May 27 2010 | 3:57am ET

Hedge fund manager Jeffrey Vinik has installed Hockey Hall of Famer Steve Yzerman as general manager of the Tampa Bay Lightning, the team he bought in February.

“He had all the characteristics I’ve talked about that I and the Lightning organization are looking for,” Vinik, who runs Boston-based Vinik Asset Management, said at the press conference introducing Yzerman. “Leadership, integrity, hard work, loyalty and an intelligent, thoughtful approach to making decisions.”

Yzerman, who won four Stanley Cups in a 23-year playing career with the Detroit Red Wings, returned the compliments to his new boss.

“With each conversation Jeff and I had, I liked his plan,” Yzerman, who was inducted into the Hockey Hall of Fame last year, said. “In my opinion, I believe Jeff has a complete understanding of what has to be done here.”

Vinik said Yzerman will have “full rein” in picking a coach and rebuilding the club, which won the Stanley Cup six years ago but has missed the playoffs in each of the past three seasons.

Yzerman spent the last four years as a vice president of the Red Wings. It is believed Vinik offered him a five-year deal that will make him among the highest-paid general managers in the National Hockey League.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Expert Says Scale Of Baillon Classic Car Find Rare

Dec 29 2014 | 3:40am ET

Forget about hedge funds, buying rare, classic cars could be called the ultimate...

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.