1. Articles from Rachael Levy

    1-13 of 13
    1. It's a Bad Monday for Billionaire Investor Bill Ackman

      It's a Bad Monday for Billionaire Investor Bill Ackman

      The week is off to a bad start for Bill Ackman.

      Herbalife is up about 8% this morning following news that it had talks to go private.

      The surge is a blow to Bill Ackman's Pershing Square Capital, the activist fund which famously went short on the supplements company five years ago because it believes the company operates as a pyramid scheme. Pershing Square's bet has largely gone the wrong way since it was put on...

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      Mentions: Bill Ackman
    2. Herbalife held talks to go Private and its Stock is Jumping

      Herbalife held talks to go Private and its Stock is Jumping

      Herbalife shares are up about 8% Monday morning after the company disclosed that it had discussions to go private.

      Herbalife also said in a statement Monday morning that it is offering a "modified Dutch auction" – buying back $600 million of shares between $60 to $68 a pop. The deal offers those who sell back their stock to get paid should Herbalife be acquired within two years...

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    3. Notorious Activist Investor Paul Singer Explains Why He Came to Love That Label

      Notorious Activist Investor Paul Singer Explains Why He Came to Love That Label

      Billionaire Paul Singer, founder of hedge fund Elliott Management, is a polarizing figure. As an activist investor — who tries to shake up boardrooms or challenge corporate leadership — he is admired by many investors but demonized by those he targets for his contentious fights. A 15-year battle with the government of Argentina earned him the label of a vulture, and the CEO of a company his fund targeted recently sent a letter to Singer with veiled threats...

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    4. A $16 Billion Activist Investor is Reportedly Handing Over the Reins to the Next Generation

      A $16 Billion Activist Investor is Reportedly Handing Over the Reins to the Next Generation

      ValueAct's Jeff Ubben is handing power over to the next generation – protégé Mason Morfit, according to The Wall Street Journal.

      Morfit, 41, is currently the fund's president and will become the $16 billion activist hedge fund firm's chief investment officer, according to the Journal.

      Earlier this month, Morfit presented on behalf of the firm at the 13D Monitor's Active-Passive Investor Summit, announcing the activist fund's position in KKR...

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    5. Hedge Fund Manager David Einhorn is Settling in for a 'Tough Fight' with GM

      Hedge Fund Manager David Einhorn is Settling in for a 'Tough Fight' with GM

      Greenlight Capital's David Einhorn just laid out what's going on with his activist move on General Motors.

      Earlier this year, Einhorn announced he had increased his position in the car company.

      The activist hedge fund investor proposed that GM create two classes of stock, and accused the company of misleading credit-rating agencies about the plan. He told Business Insider's Linette Lopez earlier this month that rating agencies were getting the analysis of his plan wrong...

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      Mentions: Hedge Fund GM
    6. A Paul Singer Protégé is Backing Elliott Management in Pushing for a Boardroom Shakeup (ARNC)

      A Paul Singer Protégé is Backing Elliott Management in Pushing for a Boardroom Shakeup (ARNC)

      A small activist hedge fund founded by a Paul Singer protégé is encouraging one of Singer's targets to listen to him.  Singer's $28 billion activist hedge fund, Elliott Management, earlier this year called to replace Arconic's chairman Klaus Kleinfeld and to nominate five board members.  Arconic was spun out of Alcoa, and focuses on manufacturing aerospace components. Elliott is the company's largest shareholder...

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    7. Leon Cooperman Charged With Insider Trading

      Leon Cooperman Charged With Insider Trading

      The Securities and Exchange Commission has charged Leon Cooperman of Omega Advisors with insider trading. The trading allegedly involves Atlas Pipeline Partners, according to the SEC complaint.  Cooperman is a hedge fund industry legend and manages an iconic New York fund, Omega, with more than $5 billion in assets.  Here's what the charges allege...

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    8. The Biggest Investment Trend in the World is Reshaping Wall Street

      The Biggest Investment Trend in the World is Reshaping Wall Street

      The rise of passive investing has fundamentally altered the business of Wall Street.

      It is changing money management as dollars flow from actively managed funds to index-tracking funds. It has changed stock trading.

      It may also be changing the quality of research produced by investment banks for active investment firms like hedge and mutual funds.....

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    9. Actually, Herbalife is a Pyramid Scheme

      Actually, Herbalife is a Pyramid Scheme

      Bill Ackman is digging in.  After the Federal Trade Commission on Friday reached a settlement with Herbalife — the multilevel marketing company — Ackman's hedge fund said the findings "constitute a pyramid scheme." The FTC specifically didn't call Herbalife a pyramid scheme. But, as Pershing Square's spokesman also said on Friday, the FTC also didn't not call it a pyramid scheme.And the FTC did ask Herbalife to make some changes to its marketing, and the way it rewards its members...

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    10. 'People don't like it': Why a Giant Hedge Fund Eschews 'wolf pack' Tactics

      'People don't like it': Why a Giant Hedge Fund Eschews 'wolf pack' Tactics

      Ask around about activist hedge funds in the US and you might get a mixed response.  A number of activists have built up an unpopular reputation of being short-term, focusing only on profits for themselves. In Europe, the activist landscape is different, with different rules and social codes.  Business Insider caught up with Cevian Capital, the biggest activist hedge fund in Europe with more than $13 billion, to learn more about what works, and what doesn't, across the pond...

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      Mentions: Hedge Fund
    1-13 of 13
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    'People don't like it': Why a Giant Hedge Fund Eschews 'wolf pack' Tactics Actually, Herbalife is a Pyramid Scheme Moynihan: 'If Somebody Has Better Ideas About How To Manage Our Company, We're All Ears' The Biggest Investment Trend in the World is Reshaping Wall Street Leon Cooperman Charged With Insider Trading Goldman Sachs is Reportedly Pulling Money from Leon Cooperman's Hedge Fund A Paul Singer Protégé is Backing Elliott Management in Pushing for a Boardroom Shakeup (ARNC) A $16 Billion Activist Investor is Reportedly Handing Over the Reins to the Next Generation Notorious Activist Investor Paul Singer Explains Why He Came to Love That Label Herbalife held talks to go Private and its Stock is Jumping G1 Therapeutics Announces Addition of Alicia Secor to Board of Directors Informatica Appoints Tech Industry Veteran Jill Ward to Board of Directors