Jeffrey N. Vinik (born March 22, 1959) is the current owner of the Tampa Bay Lightning (NHL) and the Tampa Bay Storm (AFL),[1] as well as a minority owner of the Boston Red Sox (MLB).[2] He is also on the board of directors for Liverpool Football Club of the Premier League.[3]
Early life [edit]
Vinik was born in Deal, N.J[4] He graduated Phi Beta Kappa from Duke University in 1981 with a bachelor of science in civil engineering.[5] He also obtained an MBA from Harvard Business School in 1985.
Career [edit]
Vinik managed the Fidelity Magellan Fund from 1992 to 1996, where he averaged 17% annual returns.[6] After leaving Fidelity, he started a hedge fund called Vinik Asset Management. He made investors 93.8% in his first 11 months and approximately 50% a year for the next three years. At the end of 2000, Vinik returned investors $4.2 billion and focused on managing his own portfolio.[7]
Philanthropy [edit]
In 1998, Vinik and his wife, Penny, donated $1.25 million to endow a professorship at Duke's engineering school. The next year, they donated $5 million towards facilities at the engineering school.[8] In 2012, they donated $10 million to create a challenge fund to endow associate and full professorships dedicated to addressing complex societal challenges.[9]
References [edit]
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Liverpool F.C. Board
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| Principal Owner |
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| Chairman |
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| Vice-Chairman |
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| Managing Director |
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| Directors |
- Michael Gordon
- Philip Nash
- Jeffrey Vinik
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| President (Honorary Lifetime) |
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| Former Directors |
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| Persondata |
| Name |
Vinik, Jeffrey |
| Alternative names |
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| Short description |
American businessman |
| Date of birth |
March 22, 1959 |
| Place of birth |
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| Date of death |
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| Place of death |
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