Tuesday, 25 November 2014
Last updated 2 hours ago
Apr 3 2014 | 11:28am ET
Pershing Square Capital Management lost some ground in March, but not enough to deprive the New York-based firm of a double-digit return in the first quarter.
Pershing Square’s flagship fund fell 0.6% last month, it told investors yesterday. The decline left the fund up 10.7% on the year.
March proved a mixed month for the $13.1 billion firm. After more than a year of agitation for such a probe, the Federal Trade Commission last month opened an investigation into Herbalife, the nutritional supplements company that Pershing Square calls a pyramid scheme—and which it has a $1 billion short bet against. But its Herbalife gains were tempered by big losses on government-backed mortgage giants Fannie Mae and Freddie Mac. Pershing Square owns more than 10% of each company, betting they’ll survive plans to replace them. But their shares plummeted when a bipartisan deal to replace them emerged in the U.S. Senate.
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...