Vinik Hit With $1.5 Billion In Redemptions

Apr 8 2013 | 11:29am ET

Last month, Jeffrey Vinik said he could see his firm managing as much as $10 billion. Instead, he finds his Vinik Asset Management running about $6.5 billion after a wave of redemptions.

Investors have asked to withdraw about $1.5 billion from the firm, about 18% of the $8 billion it currently manages.


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