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.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…