Vinik Adds Nuveen Star

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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note