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.
Bill Ackman's Pershing Square is still having an utterly wretched year. In a conference call to investors on Wednesday, he disclosed that his private funds are down 14% year to date, while Pershing Square Holdings is down 18% (thank leverage). Show More Summary
After months and months of mud raking and bravado in the financial press and no shortage of fear inducing presentations from the likes of Square Hedge Fund Manager Bill Ackman, the Federal Trade Commission (FTC) has settled with supplement company Herbalife. Since late 2012, Bill Ackman focused his cross hairs [...]
Give up? Never!
By Ross Kerber BOSTON (Reuters) - A widening criminal probe casts new light on a bitter defeat hedge fund activist Bill Ackman suffered in his 2009 bid for board seats at U.S. retailer Target Corp. Target for years has paid proxy solicitor Georgeson LLC to track the votes of its top investors. Show More Summary
Bill Ackman is digging in. After the Federal Trade Commission on Friday reached a settlement with Herbalife — the multilevel marketing company — Ackman's hedge fund said the findings "constitute a pyramid scheme." The FTC specifically didn't call Herbalife a pyramid scheme. Show More Summary
Damn you, Federal Trade Commission! Damn you to hell.
Herbalife Ltd. has agreed to pay $200 million to consumers and change its business practices to settle a two-year federal investigation triggered by allegations by activist investor Bill Ackman. The Federal Trade Commission announced the settlement Friday, saying the Los Angeles company's compensation...
Wall Street knows that short selling is a dangerous game. Because they are borrowing a stock, not simply owning it, short sellers risk losing more than the money they put down. Some great investors don't even touch the stuff. And on Friday, Pershing Square's Bill Ackman gave them another reason to hold their noses. Show More Summary
Bad news for Bill Ackman. The Federal Trade Commission on Friday reached an agreement with multilevel marketing firm Herbalife, that kept it from being labeled a pyramid scheme. Ackman, the founder of Pershing Square Capital Management,...Show More Summary
The Federal Trade Commission has not determined that Herbalife is a pyramid scheme or fraud like Bill Ackman had alleged for years, delivering a blow to the billionaire hedge fund manager.
The great poet laureate Carl Icahn once said "if you want a friend on Wall Street, get dog." Wait, Icahn is not a poet. He's a legendary corporate raider. He was, however, completely on point. On Wall Street there are two sides to every...Show More Summary
Things could have been much different for Valeant Pharmaceuticals if former CEO Michael Pearson had stuck to his original guns about hedge fund billionaire Bill Ackman. Apparently, Pearson didn't want Ackman anywhere near Valeant when the two first started talking. Show More Summary
John Hempton is getting love in neither the Pershing Square offices nor Australia.
While we await the latest weekly update from a crushed Pershing Square, to see how far the latest collapse in Valeant stock has slammed the P&L of Bill Ackman's hedge fund, we know that the picture is not pretty: as of a week ago, the...Show More Summary