Hedge Crunch FinancialPershing Square Capital Management
May Looks Good for Hedge Fund Managers
As spring arrives not just flowers are blooming. Several hedge fund managers announced that their bets have finally beat the gains of the stock market in general, after a dark winter of slow growth. Daniel Loeb, chief of Third Point, a $16 billion manager, told his investors that his Third Point Partners LP fund rose […]
Ackman’s Pershing Square Sells Off Valeant Stock
Pershing Square Capital Management, Bill Ackman’s hedge fund, has sold some of its many shares in Valeant Pharmaceuticals. Valeant is the drug company which Ackman valiantly defended in 2015, backing up his support with considerable quantities of money. Last November Pershing owned close to 10 percent of Valeant, up from the 5.7 percent of shares […]
Ackman Enlists Congress in His Crusade Against Herbalife
Two years ago Bill Ackman announced at a Manhattan business conference that his hedge fund firm Pershing Square Capital Management took a $1 billion short position on the Los Angeles-based nutrition supplements giant Herbalife. In other words, Ackman was betting on the company’s demise. Since then Ackman has not stopped railing about the deceitful practices […]
Proctor & Gamble Gets Boost From Ackman
The price of Proctor & Gamble’s stock climbed 3.4 percent on word that Bill Ackman, known as an activist hedge fund investor, was given approval from the feds to purchase a large portion of the stalled company. P&G is the world’s largest consumer products company, but its stock has been going nowhere and its sales […]