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Shares Of Herbalife Are Ripping Again
Shares of Herbalife are ripping again today. The stock was last trading up more than 6% at about $52.40 per share early on in the trading session. We still haven't come across any news regarding the...
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The Hispanic Federation Wants The FTC To Investigate Herbalife
The Hispanic Federation sent a letter to the Federal Trade Commission on Friday requesting that the regulator investigate Herbalife, a multi-level marketing firm that sells nutrition products."It's our...
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REPORT: Prosecutors Might Go After SAC Capital Under Law That Was Made For...
The Wall Street Journal's Michael Rothfeld reports authorities are considering charging SAC Capital as a criminal enterprise through the Racketeer Influenced and Organized Corruption Act (RICO)...
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A Quick Ackman-Icahn Scoreboard Check In The Battle Over Herbalife
A quick scoreboard check in the battle of billionaire hedge fund titans Bill Ackman and Carl Icahn over nutrition supplement seller Herbalife...From New York Post's Michelle Celarier: Ackman, who once...
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HERBALIFE CEO: 'We've Had Some Mistakes Along The Way, But That Doesn't Say...
Bloomberg News' Duane Stanford has a feature in the new issue of Bloomberg Businessweek where Herbalife CEO Michael Johnson refutes hedge fund manager Bill Ackman's claims that the company is a...
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REPORT: Three Members Of Steve Cohen's 'Inner Circle' Got Slapped With Subpoenas
The Wall Street Journal is reporting that three senior SAC Capital executives received subpoenas as part of the insider trading investigation of the hedge fund. Those who received subpoenas were Thomas...
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HEDGE FUND LEGEND: If One Of My Managers Is Getting Divorced, I'll Pull My...
The Washington Post has obtained footage of hedge funder Paul Tudor Jones from a panel discussion at the University of Virginia last month with fellow fund managers John Griffin and Julian Robertson....
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P&G CEO Bob McDonald Steps Down After Pressure From Bill Ackman, Activist...
Bob McDonald, the 59-year-old CEO of Procter & Gamble and a 33-year veteran of the company, has stepped down suddenly.He will be replaced by an old hand: his predecessor, A.G. Lafley (presumably on...
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You Can Already See All Of The Hedge Funders Flying Out To The Hamptons Today...
A bunch of hedge funders are already heading out to the Hamptons, but don't expect them to all drive there or take public transportation. If you check out the East Hampton airport (KHTO) on...
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After Predicting Apple's Collapse, Jeff Gundlach Now Owns The Stock
Bond god Jeffrey Gundlach, who runs DoubleLine Capital, told TheStreet.com's Chris Ciaccia that he now owns Apple in his portfolio. Gundlach famously shorted Apple's stock last year and called it going...
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Hedge Fund Tiger Global Invests $50 Million In Blogging Platform WordPress.com
Tiger Global has invested $50 million in web developer company Automattic, the parent company of WordPress.com. From Automattic's president/founder Matt Mullenweg:Anyway, wanted to get in front of the...
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Harvard Is Still Sending A Shockingly Low Number Of Graduates To Wall Street
The Harvard Crimson has released the results of the class of 2013's survey of where the seniors are heading after graduation. According to the student newspaper, 61% of the graduating class already has...
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Looks Like The 'Smart Money' Is Already Exiting The Housing Trade
Last September, one of the original institutional investors in the housing-to-rent strategy, multi-billion hedge fund Och-Ziff called it quits on the landlord business. The reason: "the New York-based...
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Two Things You Should Know If You Want To Be Real About Hedge Funds
Hedge funds are known for being high powered, high performing financial firms that employ the smartest people and command the top of top dollar for their services.So it's important to keep up with what...
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Meet The Former Hedge Funder Who Can't Keep His Clothes On And Is Competing...
Former distressed-debt hedge funder Zak Waddell is competing on the 9th season of ABC's "The Bachelorette" to win Desiree Hartsock's heart. During his intro on the season premiere, the ripped 6-foot...
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SAC Capital Could Be Left With Less Than A Billion In Outsider Money After Today
Today is the quarterly deadline for SAC Capital investors to redeem their money from the embattled Stamford, Connecticut-based hedge fund. According to multiple press reports, the hedge fund could be...
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One Of Billionaire Hedge Funder Marc Lasry's Daughters Got Married
One of the daughters of billionaire Marc Lasry, who runs distressed debt hedge fund Avenue Capital, was married this weekend. Samantha Lasry was married to John Fleisher on Saturday at the Beach Club...
View ArticleHere's How Dan Loeb And David Einhorn Are Doing So Far This Year
Here's a quick scorecard check of two closely followed hedge fund managers — Daniel Loeb and David Einhorn.It's been a tough year for hedge funds as they have struggled to outperform the S&P. The...
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Wall Street Has A Lot To Lose If SAC Capital Goes Down
Yesterday was the deadline for investors to redeem their money from embattled Stamford, Connecticut-based hedge fund SAC Capital as the government's insider trading investigation intensifies....
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BILL ACKMAN: Shutting Down Herbalife Would Be 'The Greatest Achievement Of My...
Activist investor Bill Ackman, who runs $12 billion Pershing Square Capital, did a Q&A with the Financial Times about his philanthropic work with the Pershing Square Foundation. When asked about...
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