Sunday, 26 October 2014
Last updated 1 day ago
Jan 18 2011 | 8:16pm ET
Vinik Asset Management’s Jeffrey Vinik can’t get enough of St. Petersburg, Fla., sports teams.
The hedge fund manager’s sports team holding company, Tampa Bay Sports and Entertainment, has bought the city’s Arena Football League team, the Tampa Bay Storm. Vinik did not disclose how much he had paid for the team.
Vinik’s acquisition of the storm comes less than a year after he bought the National Hockey League’s Tampa Bay Lightning. The Storm and the Lightning both play at the St. Pete Times Forum; Vinik also owns the company that operates the arena.
The Storm said that it would retain Tim Marcum as its coach and general manager. The Storm is the last remaining original AFL team and has won more AFL championships than any other team, the last coming in 2003.
Vinik also owns a minority stake in his hometown baseball team, the Boston Red Sox.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.