Tuesday, 22 July 2014
Last updated 5 hours 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 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.
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.
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.
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.
Jul 22 2014 | 1:13pm ET
Investor redemptions from hedge funds fell sharply this month, after a quarterly-rebalancing-induced spike last month.
Jul 22 2014 | 1:12pm ET
Elliott Management is keeping busy, using the time it’s saved by Argentina’s refusal to negotiate to launch a new activist campaign.More News
Jul 17 2014 | 8:05am ET
Global investment manager Schroders has $446 billion in assets under management, $91 billion of which are in multi-asset strategies. Aymeric Forest oversees the firm's European multi-asset investment business as well as heading the firm's income solutions team and leading the $5.5 billion SISF Global Multi-Asset Income Fund. On the eve of the launch of a U.S. version of this fund, FINalternatives' Mary Campbell spoke with Forest about Schroders' approach to multi-asset investing.
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…