Murray Stahl founded Horizon Asset Management- which has since grown into the larger investment organization Horizon Kinetics- in 1994.
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January 17 - Hedge Funds
Hedge funds generate a substantial portion of their alpha from the small-cap space. On the whole, public research about the little guys tends to be less efficient.
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January 14 - Hedge Funds
Michael J. De La Merced and Andrew Ross Sorkin wrote an article about Dan Loeb and Bill Ackman yesterday.
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January 10 - We Disagree
13D and 13G filings from hedge funds reveal large positions taken by hedge funds (or significant changes in these positions) fairly recently after the fund has made its move, ...
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January 10 - Hedge Funds
In December, billionaire Bill Ackman of Pershing Square (check out Ackman's stock picks) gave an exhaustive short presentation on Herbalife Ltd. (NYSE:HLF).
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January 9 - Hedge Funds
By now, you've probably heard what hedge fund manager Bill Ackman, manager of Pershing Square Capital, reportedly thinks of Herbalife Ltd. (NYSE:HLF)'s business model.
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December 19 - News
James Dinan founded York Capital in 1991 and now has a net worth estimated at $1.4 billion.
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November 29 - Hedge Funds
According to a filing with the SEC, Henry Davis, a Board member at Kansas City Southern (NYSE:KSU) bought 67,300 shares of the company’s stock on November 16th at an average...
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November 23 - Insider Trading
Bill Ackman doesn’t do much turnover in Pershing Square’s portfolio: a small number of concentrated positions, with little change from quarter to quarter (see Pershing Square...
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November 15 - Hedge Funds
The Procter & Gamble Company (NYSE:PG) has returned over 13% since the end of the second quarter, giving funds like Bill Ackman's Pershing Square, which opened a $1.34 million...
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October 25 - Hedge Funds, News
Bill Ackman continued to defend his J.C. Penney Company, Inc.
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October 7 - Hedge Funds
Billionaire hedge fund manager Bill Ackman became a billionaire by delivering strong returns for his investors.
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October 5 - Hedge Funds
Pershing Square, managed by Bill Ackman, is a value investor with a long-term view which invests in stocks that it believes have departed from their fundamental value, including...
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August 26 - Hedge Funds
Bill Ackman is a billionaire activist investor who has turned around companies like McDonald's Corporation (NYSE:MCD), while seeing some less successful activist investments in...
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August 16 - Hedge Funds
Billionaire Bill Ackman will be a keynote speaker at the 8th Annual New York Value Investing Congress, October 1 & 2, 2012 in New York City.
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August 8 - Hedge Funds
Pershing Square Capital Management, the hedge fund run by Bill Ackman, told investors this week that it sold its entire position of Citigroup, Inc. (NYSE:C).
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July 20 - Hedge Funds
Bill Ackman was talking to one of his friends at the Delivering Alpha Conference and Jim Cramer said "good luck" to him while he was passing by.
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July 18 - Hedge Funds
We are at the Delivering Alpha Conference. Billionaire hedge fund manager Bill Ackman will talk about his recent investment in Procter & Gamble (NYSE:PG).
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July 18 - Hedge Funds
Now back on the NYSE, Burger King (BKW) shares are again available to the public.
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July 3 - Hedge Funds
Second quarter wasn't very kind to most hedge fund managers' long positions. S&P 500 index ETF (SPY) lost 2.84% during the quarter.
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July 2 - Hedge Funds
A settlement announced Sunday will bring $405 million to victims of Bernard Madoff's historic investment scam, the state attorney general said.
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June 25 - Hedge Funds
We just wrote an article about David Einhorn's amazing stock picks at the Ira Sohn Conference.
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June 19 - Hedge Funds
We obtained Pershing Square's 2012 Q1 investor letter (H/T: Valuewalk). Pershing Square is up about 2.5% through the end of May.
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June 12 - Hedge Funds
Pershing Square founder and CEO, William “Bill” Ackman, may not be a billionaire just yet but is well on his way.
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June 12 - Hedge Funds
Opalesque Industry Update: Morningstar, Inc.
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May 25 - Hedge Funds
Bill Ackman lost nearly $300 million today because of a 20% decline in JC Penney (JCP).
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May 16 - Hedge Funds
"Pershing Square Capital, the $11bn hedge fund run by high-profile US activist investor Bill Ackman, is planning a $4bn public flotation for a new fund in January 2013," reports...
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April 19 - Hedge Funds
Facebook, Burger King, Outback Steakhouse – what do these three iconic companies have in common? All three are planning IPOs and, in the case of Outback and Burger King, some...
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April 9 - Hedge Funds, Lists
BlueGold Capital, an oil-focused fund that made headlines in 2008 by calling the peak of the market, is liquidating after four years of trading -- the last of which put it at ...
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April 6 - Hedge Funds
"Just 18 months after being taken private in a leveraged buyout, Burger King Worldwide Holdings, one of the world’s largest fast-food chains, plans to list its shares on the...
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April 4 - Hedge Funds
In a presentation dated February 6, 2012, Pershing Square's Bill Ackman defended his suggestion of Hunter Harrison as a candidate for CEO of Canadian Pacific Railway (CP), and...
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April 3 - Hedge Funds
Pershing Square fund manager Bill Ackman has been waging a war against Canadian Pacific (CP) since just after the new year when CP Rail Chairman John Cleghorn filed a public...
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March 25 - Hedge Funds
Pershing Square Capital Management LP’s William Ackman, the activist hedge fund manager, said he’s willing to be patient as J.C. Penney Co. pursues a turnaround.
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March 9 - Hedge Funds, Macroeconomic Predictions
Seth Klarman’s classic Margin of Safety is the most concise introductory value investing book you can find. Or not find. It is famously rare.
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March 8 - Hedge Funds, Macroeconomic Predictions
Jim Chanos, founder of Kynikos Associates Ltd., Jamie Zimmerman, chief executive officer of Litespeed Management LLC, Michael Novogratz, principal at Fortress Investment Group...
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February 22 - Hedge Funds, Macroeconomic Predictions
Bill Ackman founded his Pershing Square in 2003. The New York-based hedge fund typically takes activist roles in its investments.
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February 20 - Hedge Funds
Billionaire John Paulson, who controls an 8.4 percent stake in Hartford Financial Services Group Inc.
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February 15 - Hedge Funds, Macroeconomic Predictions
Mark Jurish, chief executive officer of Larch Lane Advisors, talks about hedge fund industry performance and strategy.
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February 8 - Hedge Funds, Macroeconomic Predictions
HSBC published the Hedge Weekly for the week of Jan 30 to Feb 3, revealing a list of hedge funds’ performances in January 2012.
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February 7 - Hedge Funds
Canadian Pacific Railway Ltd.’s (CP) support for Chief Executive Officer Fred Green doesn’t make sense because the company’s performance trails all of its North American...
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February 7 - Hedge Funds, Macroeconomic Predictions
Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, plans $3.9 billion in capital spending this year, an increase of 11 percent from 2011, as the company ...
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February 6 - Hedge Funds, Macroeconomic Predictions
TPG Capital LLP agreeed to buy GlobeOp Financial Services SA, a hedge fund administrator, for about 508 million pounds ($800 million).
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February 1 - Hedge Funds, Macroeconomic Predictions
Texas’s Permanent School Fund may hire in-house money managers to oversee its $25 billion in assets because returns are being “eaten alive” by hedge-fund fees, according...
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January 27 - Hedge Funds, Macroeconomic Predictions
Bill Ackman filed his recent insider purchases in JC Penney Co Inc. (JCP).
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January 26 - Insider Trading
Ackman also discussed taxes on the Squawk Box this morning.
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January 26 - Hedge Funds, The Smart Set
Canadian National Railway (CNI) "suspended the pension benefits of former Chief Executive Hunter Harrison and was seeking court approval to cancel them, ratcheting up pressure...
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January 25 - Hedge Funds
Several high-profile hedge fund managers are preparing to strike out on their own this year, supported by strong followings and unfazed by a year of poor industry performance ...
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January 25 - Hedge Funds, Macroeconomic Predictions
Canadian Pacific Railway Ltd (CP) said William Ackman's hedge fund Pershing Square Capital Management has asked to elect five of its nominees to the company's board as the proxy...
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January 24 - Hedge Funds, Macroeconomic Predictions
Billionaire Carl Icahn has purchased debt from Philip Falcone’s LightSquared Inc.’s bondholders as the satellite-broadband-service provider struggles to start service, two...
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January 20 - Hedge Funds, Macroeconomic Predictions
Citigroup Inc. (C) slumps more than 7% today after the company reported its fourth quarter and full-year 2011 results.
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January 17 - Market Movers