Wednesday, 17 December 2014
Last updated 12 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%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.