May 6 2013 | 3:14pm ET
Vinik Asset Management will close its doors after 17 years following a period of underperformance and massive redemptions.
Firm founder Jeffrey Vinik told clients Wednesday that the $6 billion firm will return all assets by the end of June. The move comes just a month after reports that Boston-based Vinik AM had suffered $1.5 billion in redemptions—but also that it planned to raise additional money.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…