Tuesday, 30 September 2014
Last updated 8 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...