Background
Vinik was born to a Jewish family in Deal, New Jersey.
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Jeffrey Vinik
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He graduated Phi Beta Kappa from Duke University in 1981 with a bachelor of science in civil engineering. He also obtained an Master of Business Administration from Harvard Business School in 1985.
Career
He is also on the board of directors for Liverpool Football Club of the Premier League. Vinik managed the Fidelity Magellan Fund from 1992 to 1996, where he averaged 17% annual returns. 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.
Vinik and his partners closed down the fund in December 2013, and distributed $9Bn in assets. In 2010, he purchased the Tampa Bay Lightning from Oren Koules and Len Barrie for $170 million.
The next year, they donated $5 million towards facilities at the engineering school. In 2012, they donated $10 million to create a challenge fund to endow associate and full professorships dedicated to addressing complex societal challenges.
He donated $1.5 million to build a new Jewish Community Center in South Tampa.
