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The man going after Valeant went on an epic rant on live TV
Andrew Left, the man behind the report that sent shares of Canadian pharmaceutical-company Valeant into a free-fall this week, has wrapped up a big interview on Bloomberg TV.His advice to investors:...
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Valeant is holding an all-hands-on-deck call to address allegations made by a...
Canadian pharmaceutical-company Valeant is hosting a conference call Monday to address allegations made by a short-selling research firm.The participants on the call include CEO Michael Pearson,...
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The 'Sheriff of Wall Street' just gave up on a huge insider trading case
The so-called "Sheriff of Wall Street," US Attorney Preet Bharara, has dismissed charges against former SAC Capital trader Michael Steinberg and six others who pled guilty to insider trading.In...
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It is going from bad to worse for Bill Ackman (PAH)
It is not Bill Ackman's week.Another one of the hedge fund titan's big stock holdings is taking a hit. Platform Specialty Products fell 9.8% to about $10.40 per share after the company said that its...
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One of David Einhorn's big shorts is surging
Athenahealth, one of hedge-fund manager David Einhorn's short targets, is surging after the company beat third-quarter earnings estimates on Thursday.The stock was last up 24%, or about $30.92, at...
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Valeant is calling in a hedge fund executive at its most testing time
Valeant Pharmaceuticals has added an activist hedge fund executive to its board after its stock tanked following a short-seller's research report.The Canadian drug company's share price has gone on a...
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Controversial biotech CEO Martin Shkreli just lost money on his 'bad idea'...
Former hedge fund manager and biotech CEO Martin Shkreli has ditched his money-losing long position in Canadian pharmaceutical company Valeant three days after boasting about it on Twitter."Exited the...
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Bill Ackman is hosting a call on Friday to talk about his huge money-losing...
Billionaire activist investor Bill Ackman, founder of Pershing Square Capital, is hosting a conference call for investors on Friday morning to discuss his fund's investment in Valeant...
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Preet Bharara was the undefeated top cop of Wall Street — but now his legacy...
Preet Bharara, the US attorney, abandoned several insider trading cases last week.These included charges against former SAC Capital trader Michael Steinberg – who had plead guilty already. It's enough...
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Meet the Greek Orthodox priest who runs a hedge fund on the side
The Rev. Emmanuel Lemelson has managed to marry two professions that seem mutually exclusive.On one hand, he is a Greek Orthodox traveling priest. On the other, he is the manager of a modest though...
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Carl Icahn has taken a big position in AIG, and he thinks the company is 'too...
Billionaire activist investor Carl Icahn says he has taken a large stake in the insurance giant AIG.He also sent a letter to the company's CEO, Peter Hancock, saying the company "continues to severely...
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Hedge fund billionaire Larry Robbins sent the most humble investor letter...
Hedge fund billionaire Larry Robbins, founder of Glenview Capital Management, has written one of the most humbling investor letters we've ever encountered."The last 90 days have been exceedingly...
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Hedge fund billionaire Paul Singer has unveiled his latest target, and the...
Shares of hunting, fishing, and camping retailer Cabela's jumped around 20% on Thursday after activist hedge fund Elliot Management disclosed an 11.1% stake. Elliott Management, the fund run by Paul...
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Hedge fund manager David Einhorn has scored the ultimate victory
Hedge fund manager David Einhorn has scored the ultimate victory in his almost 10-year-long short of Florida-based real-estate developer and landowner The St. Joe Co.The US Securities and Exchange...
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Bill Ackman's fund is down 15.9% this year after Valeant collapsed (VRX, PAH)
Pershing Square Holdings, the publicly traded fund run by hedge fund billionaire Bill Ackman, is having a brutal year.The fund is down 15.9% through October 27, according to a performance update. The...
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The stock that matters most to hedge funds is surging after the company said...
The drugmaker Allergan, the favored stock of hedge funds, has confirmed that it has been approached by Pfizer about possibly merging to form the world's biggest pharma company.Allergan's stock is up on...
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Valeant's largest shareholder: 'It hurts' (vrx, sequx)
Sequoia Fund, the large mutual fund managed by Robert Goldfarb and David Poppe, has posted a letter on the homepage of its website defending its massive investment in Valeant Pharmaceuticals.Shares of...
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Wall Street is going to listen in to Bill Ackman defend his Valeant investment
Billionaire activist investor Bill Ackman, founder of Pershing Square Capital, is hosting a conference call for investors Friday morning to discuss his fund's investment in Valeant Pharmaceuticals.The...
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Bitcoin hit a new high for 2015
Bitcoin is back. At least: for 2015. The cryptocurrency started Friday October 30 by setting a new 2015 high for its price, breaking past the $320 level for the first time all year. The value of...
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DAVID TEPPER: People who think I'm betting on SunEdison 'must be high' (SUNE)
Hedge fund billionaire David Tepper, the founder of $20 billion distressed-debt fund Appaloosa Management, denied a rumor that he has built a position in SunEdison.He thinks that people must be smoking...
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