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→  March 16, 2014

By Ruth Sunderland PUBLISHED: 22:18, 14 March 2014 | UPDATED: 09:48, 15 March 2014 Wall Street is transfixed by the Herbalife affair, a potent mix of warring hedge fund barons and political intrigue. Herbalife, which sells vitamins and supplements in 80 countries including the UK, has come in for criticism for its business practices, which […]

→  March 16, 2014

Ackman announced in December 2012 that he was taking a $1 billion short position on Herbalife. To simplify: He borrowed a billion dollars worth of Herbalife stock and sold it. If the price falls before the term of the loan, he buys back the shares at a lower price, returns the stock to pay off […]

→  March 14, 2014

JEREMY HOBSON, HOST: This is HERE AND NOW from NPR and WBUR Boston. I’m Jeremy Hobson. The nutritional supplement and weight loss product maker Herbalife has seen its stock tumble 15 percent after the news yesterday that the company is under investigation by the Federal Trade Commission. The investigation comes after a 15-month campaign by […]

→  March 14, 2014

(Updates with recruiter’s comments in fourth paragraph.) March 14 (Bloomberg) — A Japan-focused multistrategy hedge fund run by three former Goldman Sachs Group Inc. managing directors returned 38 percent in its first two months, according to two people with knowledge of the matter. The Golvis Asia Opportunities Fund, which started trading on Jan. 6 with […]

→  March 14, 2014

A Japan-focused multistrategy hedge fund run by three former Goldman Sachs Group Inc. managing directors returned 38 percent in its first two months, according to two people with knowledge of the matter. The Golvis Asia Opportunities Fund, which started trading on Jan. 6 with money from its founding partners and employees, began accepting capital from […]

→  March 14, 2014

Secretary of State John F. Kerry has hired Boston hedge fund executive Scott Nathan as a liaison to the business community, assisting American companies that want to do business abroad and foreign firms doing business here. Nathan, 46, was a partner and chief risk officer at the Baupost Group, Boston’s largest hedge fund firm. A […]

→  March 13, 2014

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→  March 13, 2014

Billionaire hedge fund manager Bill Ackman has staged a two-year war against Herbalife, betting that authorities in the US and other countries like China would ultimately determine the health-products retailer to be an illegal pyramid scheme. Today Herbalife revealed that it had received a “civil investigative demand” from the Federal Trade Commission (FTC). The regulatory agency’s web site says it uses […]

→  March 13, 2014

Yesterday, embattled hedge fund SAC Capital announced that it’s changing its name to Point72 in April, a name based on the address of the company’s headquarters in Connecticut. While this may seem like a strange move, the company is following well-trodden ground in rebranding after a scandal, and taking a name from where the company is based. […]

→  March 13, 2014

<!– Like us on Facebook –> Mr. Levkovich further said that information technology stocks became the most over-owned stock in terms of market capitalization. Apple Inc. (NASDAQ:AAPL) is followed by Google Inc (NASDAQ:GOOG). Interestingly, the stock showed an impressive performance being the most widely held stock among the top-ten list tallies of both the hedge […]