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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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BCS Makes Senior Appointment In London

Jul 23 2014 | 7:13am ET

BCS Financial Group, the largest trader on the Russian exchange, has appointed Matthieu Ressencourt to lead its equity derivatives trading in London.

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

Jul 23 2014 | 6:44am ET

David Yarrow (left)David Yarrow (left)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.

Controversial Options Saved RenTech $6B: Senate Report

Jul 22 2014 | 2:28pm ET

Renaissance Technologies used a complex options strategy to dodge more than $6 billion in taxes, a U.S. Senate panel said yesterday in advance of a hearing—featuring three RenTech executives—today.

Investors Flee Balestra As Performance Suffers

Jul 22 2014 | 2:26pm ET

Hedge fund Balestra Capital Partners lost 14% in the first half—and that’s not even half of its problem.

Argentina Pleads For Stay Of Pro-Holdout Ruling As Default Nears

Jul 22 2014 | 1:16pm ET

Argentina has again asked a U.S. judge to reinstate a stay of his order to pay hedge-fund holdouts from its 2001 default, allowing the country to avoid another one next week.

Greece Drives Dromeus’ 26% Return

Jul 22 2014 | 1:14pm ET

Greece-focused hedge fund Dromeus Capital Management continues to cash in on its bet on the country, which is emerging from a massive debt and financial crisis that nearly forced it out of the euro.

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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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    Jul 8 2014 | 10:48am ET

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