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Hedge Fund Activist Ackman Has New Target

Apr 1 2015 | 9:12am ET

Bill AckmanBill AckmanActivist hedge fund manager Bill Ackman may be laser focused on destroying nutritional supplement provider Herbalife, but he has a new target in his sights.

The New York investor and philanthropist has taken a majority stake in investment firm Pershing Square Capital Management, where he is aiming to oust the current CEO, who he believes is harming the company’s value through “hotheaded and wildly provocative negative media campaigns.”

 

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Cohen's Investments Up 7.5% In Q1

Apr 1 2015 | 10:39am ET

Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns.

Bill Gross Likens Janus Funds To Bridgewater's

Apr 1 2015 | 10:36am ET

Bill Gross, the closely watched bond investor, on Wednesday said the portfolios he manages at Janus Capital Group Inc closely resemble the investment strategies of Bridgewater Associates, the world's largest hedge fund firm.

StanChart's Shankar Quits, May Start Private Equity Fund

Apr 1 2015 | 10:33am ET

Asia-focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes.

Former Millennium Trader Dale Raises $200M For New European Fund

Apr 1 2015 | 9:33am ET

Ex-Millennium trader Chris Dale has raised at least $200 million for a new European-focused hedge fund.

Neptune Planning New Japan Fund With Multiple Currency Classes

Apr 1 2015 | 9:14am ET

London-based Neptune is launching a new vehicle to allow investors with currency concerns access to manager Chris Taylor’s Japan equity strategy.

Former Blackrock, Element Execs Planning New Fund

Apr 1 2015 | 8:46am ET

Former executives from hedge funds Blackrock and Element Capital Management are setting up a new fund that will utilize complex data aggregation tools.

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In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could be forced to carry a health warning by regulators who are concerned they may pose greater risks than are being disclosed.

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