William Ackman's flagship Pershing Square fund posted gains in November and the year, even as Herbalife lost more money.» Read More
Pershing Square's CEO told PricewaterhouseCoopers that it could face "substantial liabilities" for certifying the nutrition company's books.
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Ackman's Pershing Square is largely flat for the year after a bruising August in which the hedge fund lost 3.6 percent, according to sources.
BOSTON, Sept 4- William Ackman's Pershing Square Capital Management is largely flat for the year after a bruising August in which the hedge fund lost 3.6 percent, said two investor sources who are not permitted to discuss the private fund's numbers publicly.
BOSTON, Sept 4- Hedge fund manager William Ackman told investors on Wednesday that his Pershing Square Capital Management lost 3.6 percent last month, according to a portfolio update sent to investors.
Check out which companies are making headlines after the bell Tuesday:
BOSTON/ NEW YORK, Aug 29- In the battle of investors who've made opposite bets on the shares of Herbalife, both sides- including firms led by billionaires Bill Ackman and George Soros- have consulted a New Jersey college professor and studied his research. In December, Ackman placed a $1 billion short bet against Herbalife, citing the professor's research.
Hedge fund heavyweight Bill Ackman acknowledged in a letter to clients that he has made a few blunders this year, but still believes in his bet against Herbalife.
Shares of Herbalife are spiking on news another hedge fund has taken a long position on the nutritional supplement marketer.
CNBC's Scott Wapner says the hedge fund has added to its position over the past six weeks. According to sources the firm believes the stock is cheap and not a "pyramid scheme," reports CNBC's Dominic Chu.
NEW YORK, Aug 19- Carl Icahn on Monday asked a federal judge to dismiss a lawsuit brought by a short seller who accused the activist investor of perpetuating an alleged pyramid scheme at nutritional products company Herbalife Ltd..
NEW YORK, Aug 19- Carl Icahn on Monday asked a federal judge to dismiss a lawsuit brought by a short seller who accused the activist investor of helping perpetuate an alleged pyramid scheme at nutritional products company Herbalife Ltd.
Billionaire investor George Soros has been busy stocking up on hedge fund favorites as he joined others in dumping gold exchange traded fund (ETF) holdings in the second quarter.
With the stock market in a summer lull, Wall Street's activist investors are looking downright hyperactive.
Billionaire investor William Ackman has been tripped up by a bet that he could transform a giant retailer.
CNBC's Herb Greenberg digs into news over some alleged safety concerns at Herbalife. The New York Times reports a NY Attorney has subpoenaed a former Herbalife employee for plant documents.
BOSTON, Aug 13- Billionaire investor William Ackman has been tripped up by a bet that he could transform a giant retailer. His $1 billion investment on J.C. Penney is in tatters as he left the company's board on Tuesday after waging a two-year campaign to revive its tired stores with an upscale make over.
NEW YORK, Aug 13- A former employee of Herbalife Ltd has been subpoenaed by the New York State attorney general to produce documents regarding a 2011 safety concern about the company's nutritional shakes, The New York Times reported on Tuesday.