Ackman’s move comes at a time when many young retail investors have grown tired of their classic stock-and-bond portfolios.
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Global hedge fund industry capital in 2025 ended the year at a record $5.15 trillion, according to data from Hedge Fund Research.
Pershing returned 34% last year, well ahead of the S&P 500’s 17.9% and marking the latest in a near-decade-long streak of besting the index.
Shares of Blackrock bounced back on Thursday as analysts assessed the headwinds that have past blocked proposals similar to President Trump’s.
Since the 1980s, Citgo Petroleum has operated as the US-based subsidiary of Venezuela’s state-owned oil and gas company.
Wall Street’s smart money is starting to take out some short positions on the AI trade, albeit mostly around the industry’s fringes.
The cult hero/curiosity has launched a social media broadside against the AI trade that has fueled this year’s market rally.
Trian and General Catalyst said they want to free Janus Henderson “from the constraints of operating as a public company.”
The last time this many people piled into hedge funds, the only great recession anyone might have been aware of was Larry David’s hairline.
Hertz’s recent track record leaves much to be desired: the rental-car company lost nearly $2.9 billion last year.
Punxsutawney Phil may see six more weeks of winter, but hedge funds aren’t waiting to emerge from their bearish slumber.
Billionaire Bill Ackman is making Pershing the latest high-profile company to depart longtime corporate haven Delaware.
Pershing Square has announced a formal bid for Howard Hughes, the real estate developer where Ackman served as chairman for over a decade.
Hwang’s sentencing bookends a dramatic saga that began with the shock implosion of his firm that cost Wall Street billions.
American firms in China have seen better days, except for the Chinese operations of hedge fund giants Two Sigma and Bridgewater.
Jim Chanos admits he completely missed the point about sports gambling in America. Nobody cares how much they lose.