Renowned Investor Jeff Vinik Re-Launching Vinik Asset Management

Jeff Vinik today announced that he is re-launching his money management
business, Vinik Asset Management (VAM), continuing the legacy of the
firm he led from 1996-2013. Mr. Vinik wound down VAM to focus on his
ownership of the Tampa Bay Lightning and the development of Strategic
Property Partners. He has invested his own capital since then.

“After six years of running my own money, the fire in my belly still
burns,” Mr. Vinik commented. “While markets have become more competitive
over time, I believe the broad industry switch from active to passive
management is creating excellent opportunities for fundamental stock
pickers like me. I am confident that the style I have employed for more
than three decades — fundamental bottom-up company analysis (growth at
a reasonable price) guided by a top-down blueprint of the economy and
markets — can achieve strong long-term returns. My investment goal has
always been to make hay when the sun shines, to make good money during
up markets and minimize losses during down periods.”

Mr. Vinik will be the sole investment decision maker, initially
supported by three analysts. His former firm’s leadership team of Mark
Hostetter and Gerry Coughlin will be co-Presidents of VAM, and
infrastructure support will come from Mr. Coughlin’s institutional hedge
fund services platform, Oakpoint Advisors.

Mr. Vinik added: “Now that I have put in place great leadership teams at
my Tampa Bay businesses and my Tampa Bay-focused policy initiatives, I
have ample amounts of time to serve my clients to the best of my
abilities. I can’t wait to get started.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20190110005156/en/

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