Money and Finance
- After Big Bet, Hedge Fund Pulls The Levers Of Power
Link to article: After Big Bet, Hedge Fund Pulls the Levers of PowerAt a Midtown Manhattan steakhouse last June, William A. Ackman, the activist hedge fund manager who had bet a billion dollars on the collapse of the nutritional supplement company Herbalife,...
- Oxford Distinguished Speaker Series: Bill Ackman
Found via the Corner of Berkshire & Fairfax. Bill Ackman, American Hedge Fund Manager and CEO of Pershing Square, joined Dean Peter Tufano in conversation at Saïd Business School, University of Oxford on Tuesday 29 October 2013 as part of the School's...
- The Big Short War
Hedge-fund titan Bill Ackman has vowed to bring down Herbalife, the 33-year-old nutritional-supplement company, which he views as a pyramid scheme. With his massive shorting of Herbalife stock, the price plummeted, prompting two fellow billionaires—Ackman’s...
- Hedge Fund Mogul At Risk Of A Short Squeeze On Herbalife
Found via the Corner of Berkshire & Fairfax. Hedge fund titan Bill Ackman had an easy time vanquishing the sclerotic board of Canadian Pacific Railway last year. He’s now in an even more fascinating bare-knuckles fight, this time with Herbalife...
- Activist Investor Dan Loeb Takes 8% Stake In Herbalife
Third Point's Dan Loeb has taken an eight percent stake in nutritional supplements seller Herbalife, according to a regulatory filing. This disclosure pits Loeb, who successfully took on Yahoo, against Pershing Square's Bill Ackman who shorted...
Money and Finance
ROB Magazine’s CEO of the Year: Bill Ackman
It is a grey, blustery New York morning, days before Hurricane Sandy will unleash its fury on the city, and Bill Ackman is tearing his way through a day that started just after dawn.
He is running on just a few hours of sleep, his private jet having returned him home the night before after a whirlwind four-day trip through Korea and Singapore. His first stop was dropping the youngest of his three daughters at a small, private grade school on Manhattan’s Upper East Side. By 8 o’clock, he is sitting next to me at Sarabeth’s, a popular eatery on Madison Avenue, inspecting an egg-white and spinach omelette.
Dressed in a close-fitting navy blue suit, he leans over the table, head bowed, as he fires off pointed responses to my questions—sometimes even before I’ve finished asking them.
Here on the Upper East Side, Ackman is just another silver-haired billionaire eating a $20 breakfast. In Canada, however, he is the boardroom barbarian who toppled four-star corporate generals at one of the country’s most historic companies. It has been 20 years since the 46-year-old Ackman launched his first hedge fund and began building a reputation as the most active activist on Wall Street, betting against overhyped companies and arm-twisting directors into fixing broken businesses. He has had some flops, but today he waves them off. He can afford to. His hedge fund, Pershing Square Capital Management, now ranks as one of the world’s biggest and most feared activist forces, with $11-billion in assets under administration.
- After Big Bet, Hedge Fund Pulls The Levers Of Power
Link to article: After Big Bet, Hedge Fund Pulls the Levers of PowerAt a Midtown Manhattan steakhouse last June, William A. Ackman, the activist hedge fund manager who had bet a billion dollars on the collapse of the nutritional supplement company Herbalife,...
- Oxford Distinguished Speaker Series: Bill Ackman
Found via the Corner of Berkshire & Fairfax. Bill Ackman, American Hedge Fund Manager and CEO of Pershing Square, joined Dean Peter Tufano in conversation at Saïd Business School, University of Oxford on Tuesday 29 October 2013 as part of the School's...
- The Big Short War
Hedge-fund titan Bill Ackman has vowed to bring down Herbalife, the 33-year-old nutritional-supplement company, which he views as a pyramid scheme. With his massive shorting of Herbalife stock, the price plummeted, prompting two fellow billionaires—Ackman’s...
- Hedge Fund Mogul At Risk Of A Short Squeeze On Herbalife
Found via the Corner of Berkshire & Fairfax. Hedge fund titan Bill Ackman had an easy time vanquishing the sclerotic board of Canadian Pacific Railway last year. He’s now in an even more fascinating bare-knuckles fight, this time with Herbalife...
- Activist Investor Dan Loeb Takes 8% Stake In Herbalife
Third Point's Dan Loeb has taken an eight percent stake in nutritional supplements seller Herbalife, according to a regulatory filing. This disclosure pits Loeb, who successfully took on Yahoo, against Pershing Square's Bill Ackman who shorted...