Tuesday, 30 September 2014
Last updated 26 min ago
Apr 21 2014 | 3:30pm ET
Pershing Square Capital Management’s allegations that Herbalife is a pyramid scheme will get another look, this time by Illinois’ attorney general.
Lisa Madigan launched a probe of the nutritional supplements company, her press secretary said Thursday. Madigan’s is at least the fourth investigation of Herbalife to emerge in the past month, following those led by the Federal Trade Commission, Justice Department and New York attorney general.
Pershing Square accused Herbalife of being a pyramid scheme more than a year ago, opening a $1 billion short against the company. The firm and its founder have spent the interim period attempting to convince regulators to look into their claims, efforts that have only begun to bear fruit recently.
Madigan’s office was urged to look into the company by civil rights groups, who, echoing Ackman, said Herbalife is a pyramid scheme targeted at minorities.
“We look forward to working with the Illinois Attorney General’s office to resolve the consumer complaints it has received,” Los Angeles-based Herbalife said.
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...