Top Story

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.”

 

Latest News

Daley Joins Hedge Fund Argentière

Apr 24 2014 | 10:23am ET

A former White House chief of staff has joined a hedge fund founded last year by a top JPMorgan proprietary trader.

Morgan Stanley Vet’s Japan Hedge Fund Up 18%

Apr 24 2014 | 10:22am ET

Hedge fund Galleyla Investment Co. got off to a strong start, returning 18% in its first year.

Bank Execs. Say Hedge Fund Manager Racially Defamed Them

Apr 24 2014 | 10:20am ET

Two bank founders have sued a New York hedge fund manager for allegedly defaming them and causing their firing.

Wyly Tells Jury He Would Have Disclosed Stock Sales

Apr 24 2014 | 10:19am ET

In his second day on the stand, Ranger Capital and Maverick Capital founder Sam Wyly reiterated that he and his late brother failed to disclose more than $750 million in stock sales because he was advised that he did not have to.

Citi Vet Moves To Cheyne

Apr 24 2014 | 10:17am ET

A founding partner of former Citigroup proprietary trader Sutesh Sharma’s hedge fund has joined Cheyne Capital Management.

New Peak Hires Morgan Stanley Sales Exec.

Apr 24 2014 | 9:47am ET

Hedge fund New Peak Capital Partners has tapped a Morgan Stanley sales executive to lead its business development efforts.

More News

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.

More Features
Christopher TsaiChristopher Tsai
 
 
Alric LindsayAlric Lindsay
 
 
 
 

Sponsored Content

Service Providers


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…