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Ackman Herbalife Presentation Fails To Impress

Jul 22 2014 | 2:30pm ET

William Ackman called it the “most important presentation” of his career. But the Pershing Square Capital Management founder’s latest attack on Herbalife did not prove the “deathblow” he had hoped.

The activist hedge fund manager today lambasted Herbalife’s nutrition clubs, alleging that they target economically disadvantaged people and minorities to prop up what he calls the nutritional supplements company’s pyramid scheme. The stock responded by soaring 15%.

 

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Ackman Says Herbalife Buying Shares To ‘Blunt’ Presentation’s Impact

Jul 23 2014 | 11:03am ET

“The company is pulling out all the stops today,” William Ackman said yesterday. “When there is really bad news like this, they will use all of the remaining fire power to buy back the stock to blunt the accusations.”

Citi Fully Redeems From Napier Park

Jul 23 2014 | 11:01am ET

Citigroup has redeemed the last of its money invested in its former hedge fund unit.

D.E. Shaw Invests In Struggling Portuguese Bank

Jul 23 2014 | 11:00am ET

Portugal’s troubled Banco Espirito Santo has gotten a lifeline from a major hedge fund.

Hedge Fund-Backed Bank Bought

Jul 23 2014 | 10:59am ET

Two banks rescued by hedge and private-equity funds during the financial crisis are set to merge in a deal that will see those saviors earn more than $3 billion.

BlueMountain Calls Puerto Rico Debt Move Unconstitutional

Jul 23 2014 | 10:15am ET

BlueMountain Capital Management has sued to overturn Puerto Rico’s controversial new public debt-restructuring law.

Blackstone, KKR, TPG Eye Collusion Deals

Jul 23 2014 | 10:14am ET

Three of the four private-equity giants still facing a class-action collusion lawsuit are in talks to settle.

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In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia and beyond have given hedge-fund manager David Yarrow a clear shot at artistic and financial success, says William Cash.

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David Yarrow (left)David Yarrow (left)
 
 
Peter HechtPeter Hecht
 
 
 
 

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