Friday, 21 November 2014
Last updated 30 min ago
Jun 26 2012 | 11:54am ET
William Ackman's hunger for the Whopper apparently knows no bounds.
Ackman's Pershing Square Capital Management has boosted its stake in Burger King Worldwide, which it helped bring back to the New York Stock Exchange just last week. Pershing Square now owns 12% of the fast-food chain.
Burger King returned to the public markets through a merger with Ackman's blank-check company, Justice Holdings. Pershing Square paid $1.4 million to finance the deal with private equity firm 3G Capital, which took BK private two years ago and which still owns some 70% of the company.
After the deal, Pershing Square held an 11% stake in Burger King.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...