Friday, 22 August 2014
Last updated 4 hours ago
Mar 5 2013 | 11:18am ET
Two prominent activist hedge funds went in opposite directions last month—albeit not particularly far in those opposite directions.
Greenlight Capital, in the news recently for its successful legal battle with Apple Inc., rose 0.3% last month. By contrast, Pershing Square Capital Management, whose founder, William Ackman, has spent the last few months engaged in a war of words with Carl Icahn and nutritional supplements company Herbalife, fell slightly, dropping 0.1% in February.
The funds have posted similar returns this year, with Greenlight up 3.7% and Pershing Square 3.6%.
Two other activists saw somewhat bigger moves in February. Third Point added 1.3% on the month and is up 6.1% on the year, Reuters reports, while Jana Partners fell 0.5% to cut its year-to-date gain to 4.6%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note