Wednesday, 23 July 2014
Last updated 48 min ago
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%.
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.”
Jul 23 2014 | 11:01am ET
Citigroup has redeemed the last of its money invested in its former hedge fund unit.
Jul 23 2014 | 11:00am ET
Portugal’s troubled Banco Espirito Santo has gotten a lifeline from a major hedge fund.
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.
Jul 23 2014 | 10:15am ET
BlueMountain Capital Management has sued to overturn Puerto Rico’s controversial new public debt-restructuring law.
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.More News
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.
Jul 16 2014 | 11:02am ET
Over the past few years, risk parity has become a component of most investors’ lexicons and, possibly, portfolios. Risk parity products have also become more common in many asset management firms’ offerings. However, according to Evanston Capital's Peter Hecht, with all of the attention on risk parity there is still a significant amount of confusion surrounding it.
Jul 15 2014 | 10:48am ET
Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at the event’s final table.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…