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
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