Friday, 29 August 2014
Last updated 11 min ago
Nov 23 2011 | 9:21am ET
William Ackman’s Pershing Square Capital Management has upped his stake in Canadian Pacific Railway, Canada’s second-largest railroad.
The activist investor has bought another $90 million worth of CP stock, reports Reuters, bringing his stake to 12.4%. Pershing revealed in a U.S. regulatory filing on October 28 that it had become the railroad’s biggest shareholder, at that time holding 12.2%.
Ackman is known for working “inside the tent” with management to try to improve the value of the business. Pershing has been mum on its plans for CP although Ackman has been reported as saying he did not think it should be sold.
CP, which operates a 14,000-mile rail network across Canada and into the United States, was formed in 1881 to build Canada’s first transcontinental railway.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...