Vinik Asset Management to close


Jeff Vinik has announced that he is shuttering his $6 billion hedge fund, in the wake of poor performance. The news comes amid a strong rally in stocks that Vinik Asset Management couldn't capitalize on.  Vinik blazed a trail with strong performance through the financial crisis. In the end, he might have been done in by gold. He made a big bet on gold mining stocks, which didn't pan out. Article