Bill Ackman and His Hedge Fund, Betting Big

by HedgeFundsX on October 27, 2014

William A. Ackman, the silver-haired, silver-tongued hedge fund mogul, gestured out the window of a 42nd-floor conference room at Pershing Square Capital Management in Midtown Manhattan. The view was spectacular, but Mr. Ackman’s arm extended not downward, toward the vibrant fall foliage of Central Park, but skyward toward the top of a glittering glass building just around the corner on 57th Street.

He was pointing toward One57, a new 90-story, lavish hotel and condominium building described by … Read More »

$1.5 Million Sent in Error to Money Manager (Both Are Missing)

by HedgeFundsX on October 30, 2014

In the board game Monopoly, when the bank makes an error in your favor, the player gets to keep the money. A hedge fund manager is acting as if he has drawn that lucky card for real, a lawsuit against him contends.

Credit Suisse says it wired a total of $1.5 million in three … Read More »

Bill Gross’ new job at Janus has likely cost him a few million

by HedgeFundsX on October 29, 2014

Less money, fewer problems. That may be Bill Gross’s new mantra, as he embarks upon a new chapter of his storied fixed-income career.

MarketWatch reports that Gross was rumoured to be making $200m annually when he managed the $200 billion plus Total Return Fund at Pimco, according to a 2012 New York Times … Read More »

The Best-Performing Hedge Fund Manager Of 2013 Is Making A Big Bet On Millennials

by HedgeFundsX on October 28, 2014

Larry Robbins, the best-performing hedge fund manager of 2013, is making a bullish bet on Millennials.

He thinks they’re ready to take on some of the life experiences they had to defer because of the financial crisis — like buying a house and getting a dog.

Robbins, … Read More »

Hedge-fund cool: Charity jam for ‘Rocktoberfest’

by HedgeFundsX on October 27, 2014

Who said Wall Street can’t be cool?

Hedge fund investors and others in the financial industry traded their market terminals and BlackBerrys for guitars and sunglasses Wednesday night in New York to rock out for a good cause.

Dubbed “Hedge Fund Rocktoberfest,” the 11th annual version of the charity … Read More »

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