By David Zanoni: Herbalife Ownership Pershing Square Capital hedge fund manager, Bill Ackman, made a big public announcement back in 2012, when he created a presentation about how he thinks Herbalife's (HLF) stock will go to zero. Ackman began a large short position in the company, betting that the stock will fall and eventually be worthless. Show More Summary
Bill Ackman’s Pershing Square, in an amended filing with the Securities and Exchange Commission, has disclosed reducing its position in BEAM Inc (NYSE:BEAM). According to the filing, Pershing Square currently owns around 9.12 million shares, down from about 11.67 million shares the fund reported previously. The current position amasses 5.5% of common stock. Headquartered […]
Herbalife, the company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, is being probed by the FBI, according to a person familiar with the matter. ||| New York - Herbalife, the company that hedge fund manager...Show More Summary
Carl Icahn will retire some day. Some time after that, probably, Bill Ackman and Dan Loeb and Paul Singer and Barry Rosenstein, too. But for now, they and people like them have more money with which to seek to oust directors, executives and lavish organic dinner throwers than ever before. Show More Summary
ByQuoth the Raven: "I always want to stay on the good side of the FTC because they have guns" - Vemma CEO, Benson K. Boreyko I bet Bill Ackman is content, despite the fact that people continue to bid up Herbalife (HLF) shares for some strange reason. Show More Summary
Aaron Smith-Levin runs OTG Research, a Clearwater, Fla., investigations firm that caters to hedge funds thirsty for information about companies in which they have an investment position. His investigative work for hedge fund billionaire Bill Ackman has thrust Smith-Levin into the high-profile war over Herbalife.
Martin Lipton isn’t exactly inviting Nelson Peltz and Barry Rosenstein to dinner. But he’ll take them over Carl Icahn, Dan Loeb or Bill Ackman, opponents of clients who he dislikes as much as the former two do the latter, and vice versa. Show More Summary
Some very high powered judicial figures and institutional investor giants are coming down hard on insatiable promotional shareholder hedge fund activists like Bill Ackman, or for self-interested activities that are distracting boards of directors on matters of short term influence on stock prices. It is a sign that some establishment powers-that-be believe the pressure for [...]
Attention eBay: Uncle Carl can be all sweetness and light, if you just do what he tells you to do. It might also help if you could get Bill Ackman to short your stock. The besieged health supplements company said on Monday that it had renegotiated its agreement with Carl C. Show More Summary
Ackman’s Pershing Near Break Even on Losing Herbalife Bet (Bloomberg) Bill Ackman is close to breaking even on his wager against Herbalife Ltd. (HLF), a trade by his Pershing Square Capital Management LP that he last month called its biggest loser, after the stock plunged following disclosure of a U.S. Show More Summary
What you can learn from billionaire Bill Ackman's worst and best investments.
SAC Adds ‘Big Data’ Firm To Anti-Insider-Trading Effort (Finalternatives) SAC Capital Advisors is turning to data analytics employed by the Federal Bureau of Investigation and Central Intelligence Agency to keep an eye on its employees. The hedge fund’s hire of Palantir Technologies is part of its effort to overhaul its compliance systems after its guilty […]
By Seeking Profits: Every day Carl Icahn seems to be in the news, whether it is a fight with rival Bill Ackman or his recent push against eBay (EBAY). However, his primary investment vehicle, Icahn Enterprises (IEP), has had a rough month, falling over 9%. Show More Summary
Often called a scam or pyramid scheme, is Herbalife a legitimate business?
Democrats Pull ‘All-Nighter’ for Climate Change (ChristianPost) Right out of an episode of House of Cards, about half of Senate Democrats did what a big donor wanted. They pulled an all-nighter to give lip service to global warming. Hedge fund manager Tom Steyer (playing the role of Tusk) is said to be giving Democrats $50 […]
Shares of Herbalife have tumbled in 2014 in the face of billionaire Bill Ackman's short campaign.
Bill Ackman‘s Pershing Square increased holding of Platform Specialty Products Corporation (NYSE:PAH). A Form 4 filing with the SEC shows that the fund bought 4.2 million shares by exercising 12.5 million warrants with a conversion ratio...Show More Summary
UNCLE SAM has gone where Bill Ackman’s fellow billionaires declined to go—and given the activist investor a boost he badly needed. In December 2012 the boss of Pershing Square, a hedge fund, announced a $1 billion bet that Herbalife would go bust, based on his belief that the dietary-supplement firm runs an illegal pyramid-selling scheme. Show More Summary
Richard Drew/AP By Matt Egan Herbalife (HLF), the controversial nutrition company under assault from billionaire Bill Ackman, has disclosed it has received a civil investigative demand from the U.S. Federal Trade Commission. The news,...Show More Summary
Herbalife is one of those multilevel marketing companies, often sketchy, that usually operate below the view of the national press. Bill Ackman is a hedge-fund billionaire who has placed a billion-dollar bet against its stock, arguing loudly that the company is a fraud, a pyramid scheme. A New York Times investigation shows how Ackman has spread cash around to astroturf...