Pershing Square

U.S. stocks closed the day slightly higher to close out the week as investor concerns over escalating violence in Iraq remains. As was the case during the height of the Russia and Ukraine confrontation, investors are hesitant of holding on to investments over the weekend. U.S. Secretary of...

U.S. stocks were positive after the European Central Bank implemented steps to fight disinflation, including negative interest rates. On the home-front, initial jobless claims rose last week but that didn't stand in the way of the S&P 500 and Dow Jones indices trading at historical all-...

Most experienced investors have some idea about the significant structural changes that have occurred in the U.S. equity market over the last six to seven years. Regulatory changes and new technology have opened the way for significant fragmentation in the trading of stocks. Today, there are...

Hedge fund activist Bill Ackman expanded his portfolio to nine positions from seven the previous quarter. This does not include short positions, however, such as Ackman’s infamous bet against Herbalife (NYSE: HLF). New Picks Shares of Apartment Investment & Management (NYSE: AIV) are up...

Legendary hedge fund manager Doug Kass joined the Benzinga crew on PreMarket Prep this week to share his views on just about everything. During the interview, Kass explained why social media is his least favorite sector. "I think the entire social media sector, we're gonna look back and most of...

Who would have guessed all it would take was a phone call? Following a 30-minute phone conversation last week, one of Wall Street’s longest running feuds between activist investors Carl Icahn and William Ackman ended according to The Wall Street Journal. Ackman told Icahn’s assistant on April...

U.S. stocks inched higher as Apple's strong earnings reported on Wednesday proved to be not enough to ease fears over an escalating tension between Russia and Ukraine. Reports surfaced of escalated troop movements in Ukraine while Russia began military drills near the Ukraine border. After...

U.S. stocks fell after the S&P 500 and Nasdaq has risen for six consecutive trading sessions after new home sales data came in worse than expected. Investors could reasonably expect the markets to cool off after six straight days of gains especially as earnings continue to come in mixed....

Herbalife (NYSE: HLF) on Monday offered guidance for its fourth quarter 2013 and first quarter 2014 results. Herbalife expects its fourth quarter EPS to be in a range of $1.26 to $1.30, well above the consensus estimate of $1.17. Full year 2013 EPS is expected to be in a range of $5.35 to $5.39...

In late December 2012, hedge fund manager, Bill Ackman gave a 342 slide presentation explaining why he thought MLM company, Herbalife (NYSE: HLF), was an illegal pyramid scheme and why he had taken at least a 20 million share short position. Despite losing as much as $500 million over the past...

The major indices can bank another day in the green. The Dow Jones and S&P 500 both reached new highs during Friday's trading session as markets continued its momentum following U.S. Federal Reserve's new boss Janet Yellen confirmed the central bank's economic stimulus would continue. The...

Hedge funds released their quarterly 13f reports on Thursday, and Bill Ackman's Pershing Square was no exception. The 13f contained the names of the six stocks that are widely known to be held by Ackman. The following morning, Pershing Capital released a surprising 13D which disclosed the hedge...

Despite having lost millions thanks to his short position in Herbalife (NYSE: HLF), activist investor, Bill Ackman is holding firm. In fact, Ackman told MBA students at Oxford’s Saïd Business School last week that the company would eventually close. In a wide-ranging talk, now posted on...