How Bill Ackman Made The Trains Run On Time In Canada
Pershing Square Capital has orchestrated one of the biggest turnarounds in railroad (and, arguably, corporate) history. Now, as the question of rail mergers looms large, here's a look back at how the hedge fund pulled it off and raked in billions.
Herbalife CEO: Eventually We'll Be A Fortune 100 Company
During the company's second quarter earnings call, CEO Michael Johnson defended Herbalife's earnings miss and recent hiring of a government affairs official by sharing his grand vision for its future. The comments come a week after Bill Ackman's Herbalife presentation in New York at which he vehemently insisted the company was a giant pyramid scheme.
The 10 Most WTF Moments Of Bill Ackman's Herbalife Presentation
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.
Dan Loeb Talks George Clooney, Vanity Fair, And Yahoo In A Rare Public Interview
Contentious hedge fund manager and activist investor Daniel Loeb is usually tight-lipped about the controversies that surround him. But at today's New York Times DealBook Conference, Loeb dropped some bombs and addressed his critics, including George Clooney.
Why Delia's Is The Next J.Crew And Not The Next J.C. Penney
That's according to long-suffering shareholder and hedge fund manager Whitney Tilson, who told BuzzFeed the teen retailer's turnaround under its new CEO — recruited from J.Crew — will be different from the Ron Johnson–J.C. Penney situation that burned him last year.
Analyst Claps Back At Billionaire Hedge Fund Manager Bill Ackman
In his quarterly investor letter, Ackman described D.A. Davidson analyst Timothy Ramey as "perennially bullish" on Herbalife and said that investors think he's "speaking on behalf of the Company." Ramey today said in a note that Ackman has capitulated and is at higher risk of losing his entire $1 billion short bet.
Is Billionaire Hedge Fund Manager Bill Ackman Destroying His Credibility?
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?
Three Men Worth $44 Billion Are Fighting Over A Supplement Company
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.