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...And I feel very comfortable in that position,” the founder of Pershing Square Capital Management told DD’s Ortenca Aliaj. Read the full story here....
...Skagen considers companies in North America, Japan and across Europe. But one of its main holdings is closer to home....
...Activist battles 1: Lowe’s THE BUSINESS An $84bn US home improvements chain based in Mooresville, North Carolina, with almost 1,900 stores across the country....
...Corporate earnings reports out today include RWE, Alstom, Aveva, Speedy Hire, Vodafone HY, Land Securities, Jackpotjoy, DCC, FirstGroup, McCarthy & Stone FY, BTG, Pershing Square and Smiths Group....
...This year’s conference line-up so far includes the singer Jewel, Pershing Square founder Bill Ackman, Carlyle co-founder David Rubenstein, former chairman of the Federal Reserve Ben Bernanke and former British...
...William R Rhodes is president and chief executive of William R Rhodes Global Advisors, LLC and author of ‘Banker to the World: lessons from the Front Lines of Global Finance’. @beyondbrics...
...Pershing, which is run by activist investor Bill Ackman, has seen its net asset value tumble to $3.8bn from $5.3bn at the end of October, S&P said....
...Many of the industry’s largest and highest profile funds suffered the worst losses, including Bill Ackman’s Pershing Square and funds from Lansdowne....
...Paulson, along with funds including Bill Ackman’s Pershing Square and Jeff Ubben’s ValueAct, have also suffered billions of dollars in paper losses from the sharp sell-off in Valeant Pharmaceuticals....
...Enemies, notably Bill Ackman’s Pershing Square, describe it as a pyramid-selling scheme....
...Its backers included powerful hedge funds like Bill Ackman’s Pershing Square Capital and Dan Loeb’s Third Point, as well as venture capitalists and the casino mogul Steve Wynn....
...Other high-profile hedge fund managers that have suffered this year amid a prolonged bout of market volatility include David Einhorn’s Greenlight Capital, and Bill Ackman’s Pershing Square Capital....
...Bill Ackman of Pershing Square, which is also suing, told investors in his funds this week that Fannie remained his single best bet for outsized returns....
...Owned by a collection of mutual and hedge funds, including Greenlight Capital and Pershing Square, it does not subscribe to the standard rebate system where traders are paid to offer liquidity, or the other...
...Holed up in New Jersey In the good years, Mr Pearson often seemed to be running Valeant from a private jet, criss-crossing North America to negotiate the bold takeovers that fuelled its growth....
...It was another US finance company, Pershing Square Holdings, that gave Europe its only place in the top 10 when it raised $2.75bn by floating on the Amsterdam exchange in October....
...Spooked by the financial and economic crisis spreading around them, many Pershing clients were asking for their money back....
...Owl Creek, a $3bn US hedge fund that had a trading position in the companies, suffered from the fall, as did Richard Perry’s Perry Capital and Bill Ackman’s Pershing Square....
...Mr Weill, 80, oversaw the 1998 merger of Citicorp with Travelers Group, the insurer he chaired, creating Citigroup as a prototype for US banks’ evolution into broad financial supermarkets....
...Mr Ackman’s Pershing Square hedge fund will sell its 17.7 per cent stake via Citigroup, which will act as bookrunner, as the mid-market retailer struggles to recover from the impact of a chief executive...
...Bill Ackman of Pershing Square wants to shake up Procter & Gamble, the US consumer goods group....
...The Activist Insight index, made up of 27 activist funds such as those of ValueAct Capital, Knight Vinke, Third Point Partner and Pershing Square, showed 13 funds tracked in 2012 outperformed the MSCI World...
...They have recovered most of those losses as investors have digested Pershing’s case and speculated that a large share buy-back will be announced by the company on Thursday....
...Bill Ackman’s Pershing Square, was up only 6 per cent at the end of November, investors said....
...From Citicorp’s attempts to buy into the information business in the 1980s, to the sophisticated market segmentation by specialist credit card issuers like Capital One in the 1990s, banks have already been...
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