Hedge Funds

Vinik grows team with Jurinski hire

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Just because Jeffrey Vinik's hedge fund shop hasn't been open to outside investors for three years, it doesn't mean that the former Fidelity Magellan Fund manager isn't looking to keep generating alpha for his proprietary accounts, which never stopped trading. To take advantage of a resurgence in equities, Vinik has expanded his staff to include equity analyst, Michael Jurinski.

However, industry insiders don't think the move is an indicator that Vinik plans to open the doors to outside investors any time soon. Vinik slammed those doors shut in late 2000, when he decided to return the bulk of the