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→  January 28, 2016

Facebook Inc smashed investors’ expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world’s biggest online social network bucked the trend of underwhelming tech results from Apple Inc and eBay Inc, in the face of […]

→  January 27, 2016

What: Shares of SunEdison Inc (NYSE:SUNE) jumped as much as 14% in early trading Wednesday after hedge fund manager David Einhorn got a seat on the board of directors. So what: SunEdison has appointed Claire Gogel, a former partner at Einhorn’s Greenlight Capital, to be an independent director. The company also agreed that for two […]

→  January 27, 2016

By Teresa Rivas From Bill Gates to Steve Jobs, Mark Zuckerberg and Oprah, the world is no stranger to successful college dropouts. In the investing world, Carl Ichan and Sheldon Adelson both founder higher education in New York wasn’t their taste. So perhaps it’s not entirely surprising that the best advice for hedge fund hopefuls […]

→  January 27, 2016

Pershing Square 2015 Letter Dear Shareholder: 2015 is a year we will not forget. There was no financial crisis except perhaps in the energy, commodity, and currency markets.1 There were no major new wars except for the rise of ISIS and growing global terrorism. The global economy has shown signs of weakness, most notably in […]

→  January 27, 2016

A post-graduate degree may not be the smartest investment for a young professional going into the hedge fund industry. Hedge fund associates with undergraduate degrees bring home bigger paychecks than their peers with advanced business degrees, according to a survey conducted by SumZero, an online community of fund professionals. So-called pre-MBA associates took home an […]

→  January 27, 2016

Apple has warned iPhone sales are expected to fall for the first time since the smartphone’s launch in 2007. The tech firm made the gloomy prediction after reporting the slowest ever sales growth for the iPhone for the final three months of last year. It sold 74.8 million in the quarter – a record, but […]

→  January 27, 2016

Call it the luck of the Irish. Tyco International PLC’s (NYSE:TYC) headquarters in Cork, Ireland served as the ultimate deal sweetener in Johnson Controls Inc’s (NYSE:JCI) takeover in a deal that could be a game-changer for TYC stock. As most shares were crashing in North American markets, Tyco stock surged by more than 10%. Johnson […]

→  January 27, 2016

Giant corporations such as Google will ‘inevitably’ pay less tax than ordinary firms, one of Britain’s top Revenue officials admitted yesterday. Jim Harra, head of tax at HM Revenue and Customs, triggered outrage when he suggested it was unrealistic to expect multinational firms to pay as much as other businesses. Mr Harra, who was involved […]

→  January 27, 2016

U.S. auto safety regulators said Tuesday that air bag maker Takata Corp declared 5.1 million U.S. vehicles defective, as the company disclosed an 11th death could be linked to a faulty airbag. Most of the vehicles mentioned in numerous previous recalls involving Takata air bags have been older models, but the new recalls include some […]

→  January 26, 2016

Wolves At The Door: A Closer Look At Hedge Fund Activism Yu Ting Forester Wong Columbia Business School – Accounting, Business Law Taxation; Columbia University January 8, 2016 Abstract: Some commentators attribute the success of hedge fund activism to the support offered by other investors, many of whom are thought to accumulate stakes in the […]