The company’s new CEO, Paula Schneider, recently responded to a series of mass emails sent to employees by an anonymous insider. The emails were critical of American Apparel’s new management and the hedge fund backing the company.
In the years following the recession, hedge funds and private equity firms snapped up cheap residential real estate across the country. Here’s where to move if you want to send Wall Street a rent check.
A new report details the eye-popping numbers surrounding activist campaigns in 2014, which reached new heights and targeted bigger companies than ever.
The juice giant added an activist hedge fund manager with history of shaking things up to its board. What does this mean for Jamba’s future?
Here’s another reminder of how spectacularly well compensated the hedge fund industry is — and the pay doesn’t seem closely connected to performance.
While 2014 saw a near-record number of hedge funds close their doors, experts predict the industry’s extinction rate will be even higher this year. It will be especially tough for the small guys.
Activist investing exploded this year, from Olive Garden to Sotheby’s and everything in between. Here’s a look at how companies targeted by activist hedge funds performed in the market after the fact.
Today, Bill Ackman’s Pershing Square made a cool $2 billion with the sale of botox-maker Allergan to Actavis, another pharmaceutical company. But this outcome, although an incredibly lucrative one, isn’t what Pershing Square actually wanted.
Dan Loeb has moved from the pen to the screen with Third Point’s new video aimed at Dow Chemical, a target of the hedge fund. It reads just like an attack ad from a heated political race.
That’s what Aspiration, a new personal finance startup, is aiming to do. But there’s a real chance this could backfire, according to industry experts.
Hedge fund titans spent a lot of money—millions of dollars in some cases—on candidates and measures in the 2014 midterm elections. Here’s a look at the bets that panned out.
The hedge fund titan has had a number of larger than life quotes attributed to him over the years, and this weekend brought even more. It appears we have reached peak Ackman.
In what was almost a foregone conclusion in the days leading up to the Darden annual shareholder meeting, Jeff Smith’s Starboard Value successfully replaced all 12 of its board members.
Darden Restaurants must be dying for 2014 to end.
SFX Entertainment has struggled in the year since it went public, with an erratic CEO and a declining stock price, and is now a the public short target of at least one activist investor, sending the stock plunging.
Several sources familiar with the situation said the Asian counterpart of Anthony Scaramucci’s Skybridge Alternatives conference, dubbed “the Super Bowl of hedge fund conferences,” has been scrapped due to low interest and a scheduling snafu.
Julian Robertson of Tiger Management and Bill Conway of The Carlyle Group talk Alibaba, a stock market bubble, and reminisce about the idyllic early days when they made cash hand over fist. “It was almost a license to steal.”
The struggling car and equipment rental giant ceded three seats to the hedge fund titan just three days after its CEO stepped down.
A second activist hedge fund has bought up a large stake in the struggling language-learning company. Here’s why the two activists say change is needed — and fast.
Wet Seal quietly disclosed in a filing Tuesday that its CEO left on Aug. 26 and was replaced by the same CEO it had in 2011, the latest in an odd cycle that has claimed many of the retailer’s employees and millions of dollars.
Both powerhouse investors made big bets on Verizon in the first quarter, but Loeb has since sold out of his position in the telecommunications company while Buffett has added nearly 4 million shares to his stake.
Spark Networks announced today its president and CEO Greg Liberman would step down after 10 years with the online dating company. The move comes one month after a hedge fund took control of the company.
Eminence Capital disclosed Monday it had taken a 9.6% stake in World Wrestling Entertainment. Eminence last year waged a successful activist campaign to merge Men’s Wearhouse and JoS. A. Bank.
A new database has tracked the biggest winners and losers in activist short-selling. Pershing Square’s Bill Ackman, despite Herbalife, is one of the best; David Einhorn of Greenlight Capital, isn’t.
The hedge fund titan’s Pershing Square Capital is set to conduct an IPO later this year, but industry insiders are worried Ackman is sabotaging its potential success with his increasingly bizarre public behavior.
Today, billionaire hedge fund manager Bill Ackman of Pershing Square Capital gave a three-and-a-half-hour presentation about Herbalife, the company he has a $1 billion short position in, and which he’s spent $50 million to date trying to take down. Things got… weird.
Entitled Wives, hidden assets, who gets the big house and other common themes in hedge fund divorces.
The American Federation of Teachers has used its pension funds to take on billionaire asset managers, the nation’s largest private student loan company and the world’s biggest education company.
Cannell Capital in April doubled its stake in Crumb Bake Shop to more than a million shares, despite nearly all signs pointing to the company’s ultimate demise. Earlier this week, the cupcake giant said it was closing all of its stores and going out of business.
Osmium Partners has successfully removed four members of the Spark Networks board after a contentious battle.