Valeant Pharmaceuticals Intl Inc (NYSE: VRX) plummeted 11 percent Tuesday after notable hedge fund manager Bill Ackman exited his large position of the pharmaceutical company at a loss that could be in the billions of dollars.
Herbalife Ltd. (NYSE: HLF) shares are up 2.3 percent Monday after Carl Icahn put to rest any speculation that he may be worried about his Herbalife investment ahead of the upcoming release of the “Betting On Zero” documentary.
Back in January, Benzinga published a series of articles where Don Steinbrugge, one of the top experts in the hedge fund industry, shared a preview of the top trends he expects to see among hedge funds in 2017.
Billionaire investor Carl Icahn's Icahn Enterprises LP (NASDAQ: IEP) announced last Wednesday the hiring of pharma academician Richard Mulligan as a portfolio manager. The announcement has set tongues wagging about Carl Icahn's renewed interest in the pharma/biotech sector.
Astute investors who have mastered the art and science of investing are an elite group to whom an average investor looks up to for portfolio modeling. Given the fickleness associated with the stock market, it's a tough proposition to continuously make money.
Shares of Hertz Global Holdings, Inc (NYSE: HTZ) were trading lower by nearly 4 percent early Friday morning after analysts at Credit Suisse downgraded the stock to Underperform from Neutral with a price target lowered to $15 from a previous $27.
Plenty of investors follow the smart money during 13-F filing season. If the managers running billion-dollar hedge funds are all buying or selling the same stock, it may serve as a strong indication that retail investors should be doing the same.
Don Steinbrugge is one of the best-known experts in the hedge fund industry, with over three decades of experience in the arena. He has been running Agecroft Partners, a global, award-winning hedge fund consulting and marketing firm for almost 10 years now.
In recent years, struggling companies have turned more and more to outsiders when looking for a direction change at the CEO position. These companies are hoping the past leadership success will translate to the struggling company as well.
In what should come as no surprise to any American, newly elected President Donald Trump’s special advisor on regulatory reform and long-time Trump supporter Carl Icahn has tweeted that he loved Trump’s inauguration speech.
Following reports of Hunter Harrison attempting a management shakeup at CSX Corporation (NASDAQ: CSX) along with hedge fund manager and activist investor Paul Hilal, Loop Capital's Rick Paterson told Benzinga that it isn't