Thursday, 18 December 2014
Last updated 2 hours ago
Mar 14 2012 | 12:17pm ET
Vinik Asset Management has hired a top mutual fund manager from Nuveen Investments.
David Iben will join Boston-based Vinik in June, Nuveen said. At Nuveen, Iben headed its Tradewinds affiliate, managing a pair of stock funds with more than $5 billion in assets under management.
Iben's funds have returned 8.1% and 6.9% annualized over the last five years.
At Tradewinds, Iben will be succeeded by co-chief investment officers Emily Alejos and Andrew Thelen.
Like Iben, Vinik founder Jeffrey Vinik got his start in mutual funds, leading Fidelity Investments' largest fund for four years before starting the hedge fund in 1996.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.