, Columnist
Jeffrey Vinik Thinks He Can Beat the Stock-Picking Bots
The famous manager of the Fidelity Magellan Fund needs to separate himself from indexing.
No more points for style.
Photographer: Victor J. Blue/Bloomberg
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Stock pickers are striking back.
Jeffrey Vinik, who rose to fame as manager of the Fidelity Magellan Fund in the 1990s, told CNBC last week that he was getting back into the stock-picking game. He will resurrect Vinik Asset Management, a hedge fund he closed in 2013.