Last fall Pershing Square Capital CEO Bill Ackman converted his beleaguered Herbalife short into put options, capping his potential losses as the company’s shares rose
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What is eating Bill Ackman?
Almost exactly five years ago, as a reporter covering hedge funds for the New York Post, I was asked to cover Bill Ackman’s presentation on
Hedge funds and the Hurricane
Puerto Rico was already facing a catastrophe before Hurricane Maria imperiled its citizens’ lives, leaving a vast majority without electricity and clean water more than
Billionaire politics watch: Mercer resigns, Singer’s GOP troubles & Klarman, Sternlicht diss Trump
Politics is finally catching up with the hedge fund billionaires, as the troubles surrounding the Trump administration continue to build. After the election, I wrote
Elon Musk vs. the Haters
THE IMPROBABLE BUT fascinating story of the electric car company founded by Elon Musk has become a Wall Street battleground. Tesla went public in 2010,
Trouble in the Hamptons Paradise
WHAT IS IT about the Hamptons — home to gorgeous estates, pristine beaches, and quaint villages — that makes people go crazy? Is it the