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Ackman OK With Allergan Poison Pill, Warns Co. To Do ‘Right Thing for Shareholders’

Apr 23 2014 | 11:28am ET

Pershing Square Capital Management’s biggest-ever investment is going to take its time considering the $46 billion offer favored by the hedge fund, and that’s fine with founder William Ackman.

“If I were a director on this board, I would not immediately accept Valeant’s proposal,” Ackman said today. “They’ve hired Goldman Sachs and, I think, BofA. Those banks are going to reach out the other big pharma companies and potential buyers of the business.”

 

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Appeals Court Questions Hedge Fund Managers’ Conviction

Apr 23 2014 | 2:22pm ET

A federal appeals panel yesterday expressed skepticism about the legal theory under which two former hedge fund managers were convicted of insider-trading.

Einhorn Warns Of ‘Second Tech Bubble’ As Greenlight Slides

Apr 23 2014 | 11:25am ET

Greenlight Capital’s first-quarter loss has founder David Einhorn in a dark mood.

Hedge Fund Redemption Requests Fall

Apr 23 2014 | 10:14am ET

Hedge fund redemptions ticked down this month, as expected, according to SS&C Technologies.

Starboard Wins Backing To Force Meeting On Red Lobster Spin-Off

Apr 23 2014 | 10:13am ET

Hedge fund Starboard Value may get its chance to block Darden Restaurants’ plan to spin off its Red Lobster chain.

Loeb Pushes Sotheby’s Nominees

Apr 23 2014 | 10:12am ET

Third Point’s Daniel Loeb has won some backing in his battle with Sotheby’s—and is seeking more.

Maverick, Ranger Founder Takes The Stand

Apr 23 2014 | 10:11am ET

Maverick Capital and Ranger Capital founder Sam Wyly yesterday began what could be two weeks on the witness stand denying allegations that he and his late brother ran a $550 million insider-trading scheme.

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In Depth

Q&A: Tsai Capital Founder Sees Long-Term Opportunities In Emerging Markets

Apr 10 2014 | 9:48am ET

Christopher Tsai, whose $28 million long/short hedge fund is up 29% since inception in 2011, spoke to FINalternatives senior reporter Mary Campbell recently about his fund, his outlook on emerging markets and the influence his family has had on his investment approach.

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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…