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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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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.

Hedge Fund Redemptions Drop In July

Jul 22 2014 | 1:13pm ET

Investor redemptions from hedge funds fell sharply this month, after a quarterly-rebalancing-induced spike last month.

Elliott Seeks Split Of Data-Storage Co.

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.

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In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

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.

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    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

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