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The Boston Globe

Business

Jeff Vinik closing hedge fund to focus on hockey

Jeff Vinik told investors in a letter Friday that he plans to shut down his hedge fund and return their money by June 30.

Vinik, a former manager of Fidelity’s Magellan mutual fund, said he wants to devote more time to his ownership of the Tampa Bay Lightning professional hockey team and to his family, according to a copy of the letter obtained by the Globe.

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