BOSTON (Reuters) - Hedge fund manager William Ackman renewed his attack on Herbalife on Tuesday and said he has evidence the U.S.-based nutrition and weight loss company is breaking direct-selling laws in China, its fastest growing market.
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Hedge fund manager Bill Ackman gave another presentation on Herbalife—a multi-level marketing company that he's betting $1 billion will go under. Ackman, who runs Pershing Square Capital, declared over a year ago that he's shorting Herbalife...Show More Summary
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Billionaire ’s Pershing Square hedge fund owns big equity stakes in Fannie Mae and as part of a bet that efforts in could yield massive returns from the two government-sponsored entities. But on Tuesday, as Ackman was jumping on a conference call to slam the practices of Herbalife, a company he has been lobbying against [...]
Let’s say, for argument’s sake, that you are a member of a long-entrenched board of directors. Perhaps at a company that has been run (ineptly, perhaps) exclusively for the benefit of its ruling family. Then, disaster strikes, and someone—perhaps...Show More Summary
Hedge fund manager Bill Ackman, who runs Pershing Square, is giving a presentation on Herbalife. This time it's on Herbalife's business practices in China. Pershing Square says they have done an investigation and that they have evidence...Show More Summary
The big hedge fund SAC Capital has given itself a new name, which is something for it to talk about other than its massive insider trading scandal. Read more...
(Credit: Effnheimr) Here are some stories we're looking at today.
BOSTON (Reuters) - Steven A. Cohen, whose hedge fund SAC Capital Advisors pleaded guilty to insider trading, is changing the name of his firm to Point72 Asset Management as it shifts focus to managing his own assets from serving as a hedge fund for wea...
... And it is Point72. Of course, those who are aware of the physical address of the firm that single handedly made and destroyed "expert networks" (and assured a daily bug sweep at every hedge fund office in New York), or better yet,...Show More Summary
David Benoit and Gillian Tan of the Wall Street Journal take a look this week at one of the results of the rise in activist investing: Bondholders often can’t stomach the ambitious plans of the activists. Commonwealth REIT (CWH) is the latest example. Last week, Moody’s Investors Service put the company on review for a [...]
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SAC Capital, the Stamford, Conn.-based hedge fund run by Steven A. Cohen, just got a new name. According to Dealbook's Matthew Goldstein, SAC will be called Point72 Asset Management. More to come... Join the conversation about this story »
Why is gold ahead by nearly 12% in 2014? One big help: Hedge funds have stopped dumping their financial holdings tied to the metal. Also consider that investors’ fear of higher interest rates has abated. But here’s the most important factor: The exodus of exchange-traded fund investors has stopped. It even shows signs of a [...]
Hedge funds look to put strategies into ETFs to lure more investors (Reuters) More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees. Show More Summary
(Reuters) - William Ackman's hedge fund Pershing Square Capital Management LP said it would unveil on Tuesday details about Herbalife Ltd's violations in China as the activist investor sharpened his attack against the nutritional products company.
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