Vinik Vets Ready Shellback Capital

Oct 30 2013 | 12:24pm ET

The second successor firm to the shuttered Vinik Asset Management has opened its doors.

Boston-based Shellback Capital is led by former Vinik portfolio managers Doug Gordon, Jon Hilsabeck and Don Jabro. Vinik AM founder Jeffrey Vinik, who invested $20 million in Kopernik Global Investors, the new hedge fund founded by former Vinik AM value chief David Iben, has also seeded Shellback, although the precise amount of his investment is unclear.

Shellback will employ a long/short equity strategy and will launch its maiden fund in January, Bloomberg News reports.

Gordon, Hilsabeck and Jabro each spent more than a decade at Vinik AM and managed about $1.8 billion for the firm at its peak. Vinik shut the hedge fund down in May in the face of poor performance and investor redemptions.

Shellback has 10 employees, nine of whom are Vinik AM alums, including Bradford Ali, the new firm's chief operating officer and general counsel. Ali was Vinik AM's chief compliance officer.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...