Hedge Crunch FinancialWilliam Ackman
Pershing Square Gaining While Economy Stuggling
Bill Ackman’s Pershing Square Capital Management has been enjoying enviable growth just when the economy has been struggling with historically high unemployment and an unprecedented lockdown of people and commerce during the devastating coronavirus pandemic. Public and private funds have seen double-digit growth between 22 and 27 percent so far this year, easily surpassing the […]
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 […]
What Goes Up Can Also Come Down
The ‘hot-shot’ trader Nehal Chopra with the meteoric rise in fame has finally been brought down to earth in what seems to be one of the quickest and severest money-losing streaks in what has been a pretty bad year for hedge funds. Chopra acquired her stardom when the 21-year-old Wharton graduate found favor in the […]
General Growth Finding Success in a Stalled Economy
General Growth Properties, based in Chicago, is the second-largest owner of malls in the United States, with 183 shopping malls in 43 U.S. states. Its properties include such tourist favorites as Boston’s Faneuil Hall Marketplace, Baltimore’s Harborplace and Chicago’s Water Tower Place. However, in today’s difficult economy, even these assets were not sufficient to assure […]