Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
*Gold, natgas, corn, wheat and sugar rebound. Copper and other metals slipped too after data from the U.S. Labor Department showed American employers hired at the slowest pace in nine months in March. John Kilduff, partner at Again Capital, an energy hedge fund in New York, called jobs report "a real disappointment."
Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
WASHINGTON, April 4- Hedge fund and derivative investors are taking on more risk as aggressive monetary easing and an improving economy boost demand for higher-yielding securities, a Federal Reserve survey showed on Thursday.
SINGAPORE, April 4- Unable to decide if Pyongyang's military threats are real or mere rhetoric, some fund managers and other investors exposed to South Korean stocks and bonds are buying financial protection in the form of cheap options and credit insurance.
LONDON, April 4- Hedge funds set up to profit from huge market slides are falling out of favour, signalling that investors are increasingly confident leading central banks can avert the kind of meltdown that followed the Lehman Brothers' collapse.
NEW YORK, April 1- A judge in New York approved one of two proposed settlements between units of Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors and the U.S. Securities and Exchange Commission over civil charges related to insider trading.
NEW YORK, April 1- A judge in New York approved one of two proposed settlements between units of Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors and the U.S. Securities and Exchange Commission over civil charges related to insider trading.
*Agrium says practice is common. April 1- Hedge fund Jana Partners accused Canadian fertilizer company Agrium Inc on Monday of improperly paying brokers and investment advisers for shareholder votes as Jana's battle to shake up Agrium's board enters its final week.
March 29- U.S. prosecutors on Friday charged Michael Steinberg, a veteran portfolio manager with Steven A. Cohen's $15 billion hedge fund, with engaging in insider trading in two technology stocks, the most senior SAC Capital Advisors employee to be charged in the government's long-running probe.
March 29- Michael Steinberg, a portfolio manager at Steve Cohen's 15 billion SAC Capital Advisors, was arrested by the Federal Bureau of Investigation at his home in New York City early Friday morning in connection with a long-running insider trading investigation of the hedge fund, a FBI spokesman said.