Tuesday, 31 March 2015
Last updated 12 hours ago
Aug 27 2014 | 7:17am ET
Pershing Square Capital Management’s winning streak continued this week, and has the hedge fund up about 30% on the year.
The New York-based hedge fund, up 27.2% through July, added to those gains with the news that Burger King Worldwide would buy Canadian doughnut chain Tim Hortons in a tax-inversion deal. BK shares soared, earning Pershing Square in excess of $200 million.
Pershing Square engineered Burger King’s return to the public markets in 2012 through a reverse-merger with its Justice Holdings blank-check company. The hedge fund owns a nearly 11% stake in BK.
Other winners for Pershing Square this year have been Allergan Inc., Fannie Mae, Freddie Mac and Herbalife Inc.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…