, Columnist
Vinik Failed to Resurrect a Hedge Fund. Who Needs One?
There are too many low-cost alternatives to expensive stock picking.
Tougher than he thought it would be.
Photographer: Victor J. Blue/Bloomberg
This article is for subscribers only.
Don’t count on a comeback for equity hedge funds.
That appears to be the conclusion Jeffrey Vinik reached when he decided recently to close Vinik Asset Management. He resurrected the hedge fund earlier this year after closing it in 2013.