Or at least just reevaluate his relationships with Herbalife and Valeant.
You think you know a guy. Billionaire investor Bill Ackman, founder of Pershing Square Capital Management, had been working with Michael Pearson, the former CEO of Valeant Pharmaceuticals, for over a year when it was revealed that the...Show More Summary
Mick McGuire will not be dining at the purveyor of chicken wings any time soon.
An activist investor publicly ripped apart Buffalo Wild Wings, following the company's annual investor meeting. Mick McGuire, the founder and CEO of Marcato Capital Management who has been called a Bill Ackman "protégé," released a harsh...Show More Summary
In the past month, Buffalo Wild Wings posted 15% quarterly revenue growth, beat earnings expectations and announced a $300 million share repurchase program. But activist investor and Bill Ackman protégé Mick McGuire is not particularly...Show More Summary
In the face of double digit losses, Pershing Square Capital Management did not add any new positions to its portfolio. But the hedge fund run by activist Bill Ackman made big cuts in existing positions in Canadian Pacific Railway (CP) and animal health giant Zoetis (ZTS), according to a recent 13F filing.
Thank you Fidelity!
And now for some bad news for billionaire Bill Ackman, founder of hedge fund Pershing Square. Valeant Pharmaceuticals, the drug company whose 90% stock-price disaster has been dragging down Ackman's portfolio since October, announced on Monday that three executives would leave. The departing executives were of no small importance at Valeant. Show More Summary
Part of measuring on Wall Street is finding exactly the right stick. There are many options — returns, assets under management, what have you. Another is net asset value (NAV) and that's what we're going to talk about today. BecauseShow More Summary
Bill Ackman is selling his holding in Canadian Pacific after making $2.6 billion in profits or a near fourfold gain. The embattled hedge fund mogul is planning to use roughly $1.5 billion in proceeds to make his first new investment in over a year.
Investors have begun pulling money from Pershing Square, the hedge fund helmed by billionaire investor Bill Ackman. According to numbers released by Pershing, its public fund's net asset value went up from June to July. However, the fund's total assets under management went down. You can contrast the two months here. Show More Summary
Bill Ackman worked for years to drive the supplement company out of business, calling it a pyramid scheme. It’s still in business, but maybe not for long.
On Wednesday Bill Ackman held a quarterly conference call for investors in his fund, Pershing Square. And since his private funds are down 14% year to date while Pershing Square Holdings is down 18%, he didn't have that much good news to share. Except for one thing. Show More Summary
You people disgust us.