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.
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.
Because apparently tons of money isn’t enough.
A series of regulatory investigations and an analyst defecting has made for quite the wild ride for Herbalife stock.
Herbalife has fired back at activist investor and hedge fund titan Bill Ackman, who has been telling investors to sell its stock for nearly a year, with a tactic so aggressive that it could harm rather than help the supplement company.
Dallas hedge fund star Kyle Bass’s fund Hayman Capital has taken a massive stake in General Motors, joining the ranks of more than 450 other hedge funds that threw money at the stock last quarter.
With Black Friday and Cyber Monday on deck, here are a few of the places where you can spend the Bitcoins burning a hole in your virtual pocket. From a group of pubs in England to a place that sells Alpaca wool socks.
A Goldman Sachs report out today details some major shifts in the hedge fund world’s market preferences.
The embattled company’s latest leadership stumbles are beginning to trickle into the hedge fund world, which pulled millions in the quarter ending Sept. 30.
Bitcoin is still too small and too controversial for widespread implementation in the hedge fund industry in the near future.
With the sale of the iconic punk favorite boot company to a private equity firm Thursday, here’s a look back at Dr. Martens’ 50-year road to selling out.
The crowd-funding site Fundrise did not believe that investments in recently shuttered Bushwick art collective 3rd Ward were a safe bet.
Some of the nation’s top retailers are predicting digital devices will be at the top of kids’ wish lists this year.
A group of venture capitalists say the ability afforded by the JOBS Act to confidentially file IPO documents is changing the nature of the game. There are more companies filing as a result of the legislation.
Recent revelations about predatory lending practices at World Acceptance have led to a hedge fund exodus. One prominent hedge fund manager went so far as to call the company “bad for humanity.”
Whitney Tilson says he is shorting companies with predatory business practices of questionable legality because he believes government regulators are “back on the job.” Online education and consumer finance, watch out.
Whitney Tilson, the founder and manager of Kase Capital, peppered Delia’s management with questions about the teen retailer’s turnaround today. Tilson was looking for reassurance that Delia’s new CEO will bring some of the magic she worked on J. Crew to Delia’s.
Private equity firms are taking notice of the craft brewing boom and pouring money into microbreweries. The investments come with a built-in exit strategy: sell to one of the major beer companies.
Big-name money managers, including Jim Chanos, let investors in on their next big investment idea. The talk was part of the CNBC Institutional Investor “Delivering Alpha” event in New York.
His blind trust sold the shares in 2010. The New York Times uncovered a massive bribery scandal.
Hyped as the best vintage of all time, the ‘05 Bordeaux wines are arriving in stores and restaurants. Are they worth the buzz? Maybe now is a good time to heed Jim Cramer’s advice and take your money out of the stock market and invest it in wines.
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