Monday, 15 September 2014
Last updated 7 hours ago
Apr 29 2014 | 12:44pm ET
Herbalife is taking steps to rain on Pershing Square Capital Management’s red-carpet parade this week.
The nutritional supplements company, which the William Ackman-led hedge fund says is a pyramid scheme, announced yesterday that it would suspend its annual dividend and use the money to aggressively buy back stock. The move comes days before Ackman plans to premiere a documentary about the company, featuring former distributors who allege they were defrauded by Los Angeles-based Herbalife.
Herbalife also said its adjusted net income hit a record in the first quarter. But it said it took a major loss due to Venezuela’s currency devaluation, cutting its first-quarter profit by 37%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?