Description: Star stock picker and longtime money manager Jeffrey Vinik explained Thursday that he’s shuttering his hedge fund because would-be investors balked at his investment strategy, a reluctance that ultimately capped how much his relaunched firm was able to raise.
Source: CNBC.com – video report
Date: Oct 24, 2019
Questions for discussion:
- Why is Jeffrey Vinik shutting down?
- Do you think this situation suggests anything special about investing trends?