Saturday, 25 October 2014
Last updated 12 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.
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.