• billackmanpershingsquare


    People Are Now Waiting In The Rain To Get Autographs From Bill Ackman

    “Excuse me, Mr. Ackman? Can I have your autograph?” It’s a rainy afternoon in early December, just outside Pershing Square’s offices. William Holmes, a recent college graduate with a degree in economics, is shivering in the cold, holding a notebook. “I’ve studied everything you’ve done,” the young man gushes. “You are like the Socrates of […]

    / Jan 6, 2015 at 2:13 PM
  • News

    François Hollande Not Sure Why Greeks Would Want To Keep Euro, Anyway

    It’s cost them and the Spanish (left unsaid: “and the French”) a lot of misery and heartbreak. The single currency’s all-but-worthless now, and they (and the French) are sick of letting Angela Merkel call all the shots in exchange for keeping their economies from an even more total collapse. He’s not saying he’d vote for […]

    / Jan 6, 2015 at 10:15 AM
  • stevecohensac

    Opening Bell

    Opening Bell: 1.6.15

    Profit at Point72, Cohen’s New Firm, Outshines Many a Hedge Fund’s (Dealbook) If Steven A. Cohen’s investment firm were operating as a hedge fund, it would have been one of the industry’s most profitable in 2014. Mr. Cohen’s family office, Point72 Asset Management, generated a gross profit of $2.5 billion to $3 billion, said several […]

    / Jan 6, 2015 at 9:30 AM
  • Write-Offs

    Write-Offs: 1.5.15

    $$$ NYC hedge fund founder killed by son over allowance: source [NYDN] $$$ Slain hedge fund manager remembered as astute investor [NetNet] $$$ Get Used to Higher Stock Volatility, Deutsche Bank Says [Bloomberg] $$$ NetJets Unrest Puts Warren Buffett in a Rare Pinch [WSJ] $$$ Thousands apply to be paintball ‘bullet tester’ [UPI]

    / Jan 5, 2015 at 5:42 PM
  • News

    Goldman Sachs Recommends JP Morgan Find A Good Chop Shop

    JPMorgan Chase & Co.’s parts are probably worth more to investors than the whole after regulators proposed tougher rules penalizing firms for size and complexity, according to Goldman Sachs Group Inc. JPMorgan could unlock value by splitting its four main businesses or dividing into consumer and institutional companies, Goldman Sachs analysts led by Richard Ramsden […]

    / Jan 5, 2015 at 5:12 PM
  • News

    Investors Still Love IPOs, Might Not Have Any Money Left To Spend On Them

    The fundraising community is beginning to worry that its fans may not have $250 billion every year to throw at this year’s Uber and the like.

    / Jan 5, 2015 at 4:50 PM
  • storytime


    Top Performing Hedge Fund Manager Tells His 5 Year-Old A Bedtime Story (About Morons)

    To be fair, we don’t actually know if Brett Jefferson’s lesson about stupidity was delivered as a bedtime story, a lullaby, or just a general piece of wisdom he regularly shares with his young son. But it seems fairly obvious that the Hildene Capital Management founder is wasting no time teaching the boy about the […]

    / Jan 5, 2015 at 3:52 PM
  • Let me tell you a story...


    Yahoo! Employees Wanted Answers. Marisa Mayer Read Them A Children’s Story. (She Actually Did This.)

    About a year-and-a-half after taking over the ‘Hoo, noted chaise longue enthusiast Marisa Mayer agreed to submit to anonymous questions from her employees. They wanted to know about the employee-review system that looked a lot like stack ranking, but which Marisa insisted was not stack ranking, but which was sapping their morale and pitting them […]

    / Jan 5, 2015 at 2:23 PM
  • Hedge Funds

    David Tepper A Stock-Market Believer Again

    The brass balls have taken a bit of a beating this year, which means he’s going to have to make due with a bit less than $3.5 billion. It also means that he may have been a bit premature when he warned everyone not to “be too fricking long” back in May, and certainly when […]

    / Dec 30, 2014 at 12:57 PM
  • News

    Attention Mutual-Fund Investors

    Did you know that you have to pay taxes—like, all of them—on your mutual fund returns even when they suck? In fact, especially when they suck, but not badly enough? Well… When they sell their holdings, mutual funds have to pay out any profits as taxable capital gains unless they can offset them against losses. […]

    / Dec 30, 2014 at 12:45 PM
  • Hedge Funds

    Ray Dalio Likes The Cut Of Janet Yellen’s Jib

    Some people say that the Fed is the problem. That they’ve become drunk with their own power and are messing things up for everyone. That the stimulus and low interest rates are setting us up for Armageddon. Ray Dalio is not one of those people. He’s put the Fed’s efforts through a rigorous, Principle-d examination, […]

    / Dec 30, 2014 at 12:00 PM
  • shackburger

    Opening Bell

    Holiday Bell: 12.30.14

    Tech Startup Values Reach the Sky (WSJ) Xiaomi is just the latest example. On Monday it raised more than $1 billion from investors, giving it the $46 billion overall valuation. Only Facebook Inc. raised capital at a higher value from private investors, at $50 billion in 2011. This year, venture capitalists, mutual funds and big […]

    / Dec 30, 2014 at 7:00 AM

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