UPDATED: A series of dramatic letters and erratic behavior by billionaire hedge fund manger Bill Ackman isn’t helping his activist investment efforts with J.C. Penney and Herbalife. His decision to resign from the board of J.C. Penney on Tuesday caps a year of public battles and strange moves, but is it too little, too late?
Herbalife, a dietary supplement company that has captured the intense focus of three of the hedge fund world’s most influential investors, continues to rake in capital, most recently from George Soros. Four, if you count Daniel Loeb.
Six components to taking down a target, as illustrated by hedge fund titans Carl Icahn and Daniel Loeb. Could the pen be mightier than the wallet?
Some of Wall Street’s top companies have come under fire from investors fed up with their current management and financial performance and agitating for change. Call it the golden age of the activist.