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.