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.
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.
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.
HONG KONG, March 27- Ascalon Capital Managers, a unit of Australia's Westpac Banking Corp, has bought a 30 percent stake in Singapore- based hedge fund company RV Capital Management. The acquisition includes an investment into RV Capital's Asia Opportunity Fund, Ascalon said in a statement on Wednesday.
NEW YORK, March 26- Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report in the New York Post on Tuesday.
NEW YORK, March 26- Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report in the New York Post on Tuesday.
Corn, natural gas also see strong buying. March 22- Hedge funds and other big speculators have taken their bullish bets on U.S. commodities back to a one-month high from a more than a one-year low, data showed on Friday, as they bought gold this week on fears of financial meltdown in Cyprus. Corn also saw strong hedge fund buying on worries over short supply in the grain.
March 22- BlackRock, the world's largest money manager, hired Andy Stewart, head of one of Credit Suisse's hedge fund units, to bolster its own alternatives business as it shutters a direct private equity strategy.
March 22- BlackRock, the world's largest money manager, hired Andy Stewart, the head of one of Credit Suisse's hedge fund units, to bolster its own alternatives business as it shutters a direct private equity strategy.
March 22- BlackRock, the world's largest money manager, hired Andy Stewart, the head of one of Credit Suisse's hedge fund units, to bolster its own alternatives business.
Stewart will co-head New York- based BlackRock's hedge fund and private equity division alongside current leader Matt Botein, who will take on the additional title of chief investment officer for alternatives, the firm said in a memo on Friday.