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☆ Wall Street billionaires dump Alphabet. How they traded 7 other portfolio stocks as well
▼ + stars: | 2024-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.

Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, —, Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California

☆ Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. The hedge fund billionaire is planning to launch a closed end fund, investing in 12 to 24 large-cap, investment grade, "durable growth" companies in North America, according to a regulatory filing. Ackman is waiving the management fee for the first 12 months and after the first year will charge a flat 2% fee. Ackman has become one of the world's most prominent hedge fund investors after years of market-topping returns and vocal activist campaigns. The popular investor's hedge fund held only seven stocks at the end of 2023, including Alphabet , Chipotle Mexican Grill and Howard Hughes Corporation.

Persons: Bill Ackman, Pershing, Ackman Organizations: Pershing, Capital Management, Delivering Alpha, New York Stock Exchange, Grill, Howard Hughes Corporation, CNBC PRO Locations: New York City, North America

NEW YORK (AP) — One of the world’s largest and most influential publishers, Simon & Schuster, celebrates its 100th anniversary this year. The list tells many stories, through the books selected, not selected, and the evolution of what has been highlighted. “A group of Simon & Schuster staffers took on the daunting challenge of selecting 100 titles from our history that are believed to best represent the breadth and depth of the company’s publishing program, across imprints,” the publisher announced Wednesday. “That book actually had an influence on the course of events.”Like many leading publishers, Simon & Schuster began as an independently owned company and vastly expanded after the 1960s. Along the way, Simon & Schuster acquired numerous other publishers, whose books are now part of the S&S catalog and its centennial list.

Persons: Simon & Schuster, Simon, Gregory Hartswick, Prosper Buranelli, Margaret Petherbridge, Richard Simon, Max Schuster, ”, Schuster, Jonathan Karp, Sloan, veteran’s, Karp, “, — Ralph Ellison, Maya Angelou, Richard Wright, Harper, James Baldwin, Alex Haley, Langston Hughes, Toni Morrison, ” Karp, Ntozake Shange’s, Jenny Han’s “, ” Carlos Eire’s “, ” Siddhartha Mukherjee's “, ” Jason Reynolds ’, Safiya, Wendy Sherwin, didn’t, John Irving, Bruce Springsteen’s, Doris Kearns Goodwin’s Pulitzer, Franklin, Eleanor Roosevelt, Abraham Lincoln, Barack Obama, Rivals ’, Barack Obama’s, Hillary Clinton, Scott Fitzgerald’s “, ” Ernest Hemingway’s “, Alan Paton’s “, Scribner, Judy Blume’s “, Margaret ”, Walter Isaacson’s “ Steve Jobs, Frederick Backman's, Ove, Dale Carnegie’s, Leon Shimkin, David McCullough's, Wright, Blume, Woodward Organizations: Simon &, New York, HarperCollins, Dial Press, Doubleday, Knopf, “, Rivals, KKR, Win, Carnegie Locations: ”, Snow, Havana

“We stand by Business Insider and its newsroom,” said a spokesman for Axel Springer, the German media company that owns the publication. With its stories, Business Insider raised both the idea of hypocrisy and the possibility that academic dishonesty is widespread, even among the nation's most prominent scholars. The business leader reached out in protest to board members at both Business Insider and Axel Springer. “Business Insider supports and empowers our journalists to share newsworthy, factual stories with our readers, and we do so with editorial independence,” Peng wrote. Business Insider would not say who conducted the review of its work.

Persons: Claudine Gay, ”, Axel Springer, Neri Oxman, Bill Ackman, Gay, Axel Springer's, ” Ackman, Ackman, “, Oxman, Barbara Peng, ” Peng, ” Harvard's, Nicholas Carlson, Carlson Organizations: MIT, Business, Harvard, Pershing, Oxman, The New York Times, Times, The Washington Post Locations: Israel

☆ Pershing Square CEO Bill Ackman: Financial independence gives me the wherewithal to speak freely
▼ + stars: | 2024-01-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPershing Square CEO Bill Ackman: Financial independence gives me the wherewithal to speak freelyPershing Square CEO Bill Ackman joins 'Squawk Box' to discuss fighting antisemitism on college campuses, plagiarism accusations against his wife, Ackman's broader concerns about higher education and other issues, his activist approach to tackling these issues, and more.

Persons: Bill Ackman Organizations: Pershing

☆ Bill Ackman says it is a 'near certainty' that academics will improperly cite others' work after his wife admitted to plagiarism
▼ + stars: | 2024-01-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Read previewBillionaire hedge fund manager Bill Ackman softened his tone on academic dishonesty after a report by Business Insider found his wife, Neri Oxman, plagiarized portions of her doctoral dissertation. A representative for Ackman declined to respond to questions from BI regarding his statements about plagiarism. Similar allegations against Gay and OxmanGay was accused in mid-December of plagiarizing portions of multiple academic articles, including her political science dissertation. Oxman has since admitted to the plagiarism , apologized, and pledged to review her sourcing and request corrections to her work as needed. However, a representative for the university told BI, "Our leaders remain focused on ensuring the vital work of the people of MIT continues, work that is essential to the nation's security, prosperity and quality of life."

Persons: —, Bill Ackman, Neri Oxman, Ackman —, Claudine Gay, Ackman, Gay, Oxman Gay, Christopher Rufo, Christopher Brunet, Oxman, Jonathan Bailey, Harvard didn't, Elise Stefanik, Elizabeth Magill, Sally Kornbluth, Kornbluth, Magill, Gay's, Ackman ominously Organizations: Service, Business Insider, Business, Harvard, Washington Free Beacon, New York Post, MIT, New York, University of Pennsylvania, Ackman, Kornbluth, BI Locations: Israel

☆ How plagiarism by Claudine Gay, Harvard's former president, compares to that of Neri Oxman, an academic and Bill Ackman's wife
▼ + stars: | 2024-01-05 | by ( Lloyd Lee | Madeline Berg | ) www.businessinsider.com time to read: +9 min

"Part of what makes her human is that she makes mistakes, owns them, and apologizes when appropriate," he wrote in a post on X following Business Insider's report on Oxman's plagiarism. That's a starkly different approach from the one he took toward Gay after she stepped down as president earlier this week. At the time, Ackman said she should be fired from Harvard's faculty entirely because of what he called "serious plagiarism issues." However, the instances of Oxman's and Gay's plagiarism have more similarities than differences, according to experts and an internal analysis. "It indicates a bad process to drafting this stuff, and I would say that's true for both Gay and Oxman," he said.

Persons: Neri Oxman, MIT who's, Bill Ackman, Ackman, Claudine Gay —, —, Gay, Jonathan Bailey, Bailey, Oxman, Steve Weiner, Daniel Wagner, Christopher Rufo, Christopher Brunet, Lawrence Bobo, Franklin D, — Lawrence Bobo, Gilliam, Jr, Bobo, — Claudine Gay, Anne R, Williamson, Peder Anker, Carol Swain, Swain, Claus Mattheck, Mattheck, David Covin, It's, Peder Anker's Organizations: MIT, Harvard, Gay, American Conservative, The New York Times, Miami University, Harvard Crimson, Vanderbilt University, National, of Struggle, O Movimento, Centers of Struggle Locations: Harvard, German, Luta, O, afoxés

☆ Bill Ackman's celebrity academic wife Neri Oxman's dissertation is marred by plagiarism
▼ + stars: | 2024-01-04 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +11 min

Harvard's president, Claudine Gay, resigned after conservative activists revealed she had plagiarized. But for Bill Ackman, the plagiarism wasn't only cause for Gay's immediate ouster as Harvard's president — it also warranted her total removal from its faculty. AdvertisementGay resigned as Harvard's president on Tuesday. One remains: Kornbluth, the president of MIT, where Oxman wrote her thesis and worked from 2010 to 2020. "Stay tuned @MIT," Ackman replied.

Persons: Claudine Gay, Bill Ackman, —, Ackman's, Neri Oxman, Oxman, Ackman, Gay, Elle, Björk, Brad Pitt, Jeffrey Epstein, Sally Kornbluth, Kornbluth, Liz Magill, Steve Weiner, Daniel Wagner, Peder Anker, Claus Mattheck, Weiner, Wagner, MIT Oxman, George Reid Andrews, Andrews, Christopher Rufo, Magill Organizations: Harvard, Gay, Service, Israel's, Business, Massachusetts Institute of Technology, New York Times, New York's Museum of Modern Art, MIT, Boston Globe, Pershing Square Foundation, Pershing Square Capital Management, University of Pennsylvania, New York University, Royal Society of London, University of Pittsburgh, New York Post, Harvard Corporation, Ackman Locations: Gaza, Harvard's, New York City, German, New

☆ A Yale professor is slamming Bill Ackman's campaign against Harvard, calling the billionaire investor an 'odious' oligarch
▼ + stars: | 2024-01-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewA Yale faculty member is engaging Bill Ackman in a public tiff on X, slamming the billionaire investor for his intense campaign against Harvard President Claudine Gay. Advertisement"What did I say about Harvard President Gay that has to do with money? What did I say about @Harvard President Gay that has to do with money? President Gay resigned because she lost the confidence of the University at large due to her actions and inactions and other failures of leadership. That's why people pay attention," Gonsalves replied.

Persons: —, Bill Ackman, Claudine Gay, Gregg Gonsalves, Gonsalves, Ackman, X, Gay, … — Bill Ackman, — Gregg Gonsalves, @gregggonsalves, Gonsalves wasn't, Bill, You’re, it’s, Gonsalves's, Sally Kornbluth Organizations: Service, Yale, Harvard, Business, University, MIT, Business Insider

☆ Bill Ackman says antisemitism is the 'canary in the coal mine' for other discriminatory practices at Harvard
▼ + stars: | 2023-12-04 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

He said antisemitism was "the canary in the coal mine for other discriminatory practices." In a letter posted on X Sunday, the hedge fund manager and Harvard alumnus described antisemitism as "the canary in the coal mine for other discriminatory practices at Harvard." AdvertisementIn the letter, Ackman published a series of criticisms of university authorities, allegedly from senior faculty members at Harvard who had asked not to be named. The number of faculty members of color stands at around 22%, according to the data, up from 16% 20 years ago. After being appointed Harvard president in July, Gay said that boosting measures to address the long-standing lack of diversity among Harvard faculty would be a core objective, The Harvard Crimson reported.

Persons: Bill Ackman, —, Claudine Gay, Ackman, Gay, … Organizations: Harvard University, Service, Billionaire, Ivy League, Harvard, Harvard Crimson, Business Locations: Israel, Palestine, Harvard

Ten-year Treasury yields hit a 16-year high of 5.021% in late October, but have fallen back to 4.414%. Some big investors and advisers believe, however, that reasons to cheer are short-lived and growing concerns over the economy will start weighting on asset prices early next year. His focus now is more on earnings, credit markets and broader economic data for signs of a potential slowdown. The U.S. presidential race next year is also a concern because it could be a source of more market instability. For a new boost in market performance, tech stocks will depend more on showing how AI can lift results, investors said.

Persons: We've, Ryan Israel, Bill Ackman's, Mohamed El, Peter van Dooijeweert, Max Gokhman, Franklin Templeton, Bill Gross, van Dooijeweert, Carolina Mandl, David Randall, Svea, Bayliss, Megan Davies, Leslie Adler Organizations: Nasdaq, Bill Ackman's Pershing, Capital Management, Allianz, Group's Solutions, U.S, Reuters, Microsoft, Wall, Svea Herbst, Thomson Locations: extrapolating, U.S, China

☆ Bill Ackman's Pershing Square increased its stake in this big tech stock last quarter
▼ + stars: | 2023-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Bill Ackman's Pershing Square boosted its Alphabet stake in the third quarter, regulatory fillings show. Meanwhile, Ackman left Pershing's Class C stake, which has no voting rights, unchanged at nearly 9.4 million shares. Ackman's move came amid a strong quarter for Alphabet that allowed it to extend 2023 gains even as other tech stocks struggled. Ackman raised his Hilton Worldwide position by more than 10%, to over 10 million shares worth $1.55 billion. The hotel stock climbed about 3% in the third quarter and currently stands some 32% higher for the year.

Persons: Bill Ackman's, Ackman, Ackman's Organizations: Google, Pershing, Securities and Exchange Commission, Hilton Locations: North Carolina

☆ What we can expect from 'Deadpool 3,' starring Ryan Reynolds and Hugh Jackman
▼ + stars: | 2023-11-14 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

Read previewA third "Deadpool" film is in the works, starring Ryan Reynolds as the titular Marvel mercenary and anti-hero. This time around, Reynolds will be joined by his longtime friend Hugh Jackman, who's reprising his role as Logan/Wolverine. According to Jackman, 'Deadpool 3' will take place before 'Logan'Hugh Jackman as Logan/Wolverine in "Logan." "And the fact that he's going to be on our 'Deadpool' set each and every day is nerve-wracking for me. 'Deadpool 3' is currently set for release on July 26, 2024Ryan Reynolds and Hugh Jackman in "Deadpool 3."

Persons: —, Ryan Reynolds, Reynolds, Hugh Jackman, who's, Logan, Shawn Levy, Jackman, Wolverine, James Mangold's, Deadpool, Hugh, Wade, he's, Emma Corrin, Jordan Strauss, It's, Matthew Macfayden, Matthew Macfadyen, Jae C, Tom Wambsgans, Morena, Morena Baccarin, Vanessa, Baccarin, Michael Rosenbaum, everybody's, Karan Soni, Leslie Uggams, Al, Stefan Kapicic, Rob Delaney, Peter, Brianna Hildebrand, Shioli Kutsuna, Yukio, Jennifer Garner, Elektra Jennifer Garner, Elektra, Fox Garner, Ben Affleck, Garner, AFTRA, @ShawnLevyDirect, @VancityReynolds Organizations: Service, Marvel, Business, Collider, Disney, Fox, Canada, Twitter, Hollywood, Etalk, Hollywood Reporter, Marvel Studios, British, SAG Locations: Logan

☆ Bill Ackman's 3,138-word letter to the president of Harvard shows he's not slowing down in his fight against antisemitism
▼ + stars: | 2023-11-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Bill Ackman sent a 3,138-word letter to the president of Harvard on November 4. On Saturday, Ackman took to X — the platform formerly known as Twitter — to share a 3,138-word letter he sent to Harvard President Claudine Gay. AdvertisementAdvertisementIn the letter, Ackman outlined a seven-step plan that he says Harvard can take to reduce antisemitism on campus. Please see my below letter to the President of Harvard University sent today:November 4, 2023Dear President Gay,I am writing this letter to you regretfully. "I would be delighted to help in any way that I can to enable you to succeed in this mission and as Harvard's president.

Persons: Bill Ackman, Ackman, —, Bill Ackman isn't, X, Claudine Gay, Gay, …, Israel, wouldn't, Nikki Haley, MSNBC's Mehdi Hasan, Hasan, Winston, Strawn, he's Organizations: Harvard, Service, Israel, Harvard Business School, Palestine, Harvard University, Hamas, GOP, New York University, Ackman Locations: Israel

☆ Bill Ackman is now calling on Harvard to issue suspensions and disciplinary actions for both antisemitic and pro-Palestinian actions on campus
▼ + stars: | 2023-11-05 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Bill Ackman sent a letter to Harvard President Claudine Gay on Saturday. He called for suspensions and disciplinary action to curb anti-Israel and antisemitic activity. Ackman previously called on Harvard to name the students behind a letter critical of Israel. Please see my below letter to the President of Harvard University sent today:November 4, 2023Dear President Gay,I am writing this letter to you regretfully. AdvertisementAdvertisement"I want to make one thing absolutely clear: Antisemitism has no place at Harvard," Gay said in her latest comments, made at Harvard Hillel, a community for Jewish life at Harvard, on October 27.

Persons: Bill Ackman, Claudine Gay, —, Ackman, Gay, …, Slack Organizations: Service, Harvard, Harvard University, Harvard Business School, Equity, Diversity, Rights, Harvard Hillel, Harvard Crimson Locations: Israel, Harvard, Palestine, Gaza

☆ Bill Ackman says it's 'pathetic' that law firms and other corporations feel they have to 'police' antisemitism on university campuses
▼ + stars: | 2023-11-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Bill Ackman is continuing to speak out against the divisive letter signed by Harvard student groups. "It's pathetic that we need to rely on law firms and corporations to police antisemitism on campus," he said. And Ackman, a Harvard alumnus himself, called on the university to release the students' names to stop CEOs "inadvertently" hiring them. On Wednesday, Ackman's post quoted a letter sent by law firms to the deans of several law schools. "It's pathetic that we need to rely on law firms and corporations to police antisemitism on campus," said Ackman.

Persons: Bill Ackman, Ackman, —, Israel, Larry Summers, Joe McCarthy, McCarthy, Ackman's Organizations: Harvard, Service, Pershing, Capital Management, Boston Globe, Treasury

☆ Bill Ackman went on a crusade to publicly out Harvard's anti-Israel students. He's having second thoughts.
▼ + stars: | 2023-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Bill Ackman seems to be reconsidering his earlier calls to out anti-Israel Harvard students. AdvertisementAdvertisementAfter calling on Harvard University to reveal the names of students who signed an anti-Israel letter last month, billionaire Bill Ackman isn't so sure anymore. Compare the generational differences on support for Hamas," Ackman wrote. The poll also found that 48% of those between the ages of 25 and 34 felt Hamas' attacks were justified. AdvertisementAdvertisementFollowing Ackman's tweets, scrutiny on the Harvard letter prompted some co-signees groups to publicly withdraw their support for the statement.

Persons: Bill Ackman, Ackman, —, Bill Ackman isn't, Israel, Claudine Gay Organizations: Israel Harvard, Harvard, Service, Harvard University, Google, Social, Hamas, Harvard's Center, American Political Studies, Harris Locations: Israel, Hamas

☆ Ackman's bet against US Treasuries pays off with $200 mln profit
▼ + stars: | 2023-10-25 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Ackman said on Monday on X, "we covered our bond short" some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. "The economy is slowing faster than recent data suggests," Ackman said in the post, adding "There is too much risk in the world to remain short bonds at current long-term rates." The yield on the 30-year Treasuries was around 4.16% when he announced his bet against them. He said the Treasury yield, which moves in the opposite direction of prices, could rise to 5.5%. But the conflict between Islamist group Hamas and Israel is unnerving investors and suggests Treasuries could become a safe investment option.

Persons: Bill Ackman, Richard Brian, Ackman, Treasuries, Svea Herbst, Bayliss, Jonathan Oatis Organizations: Pershing Square Capital Management, REUTERS, Companies, Billionaire, U.S, Financial Times, Inc, Restaurant Brands, Canadian Pacific Kansas City Limited, Pershing Square, Treasury, Hamas, Svea, Thomson Locations: Las Vegas , Nevada, U.S, Israel

The benchmark S&P 500 index (.SPX) bounced above 4200, a key technical level, after falling almost a percent during the open. Microsoft (MSFT.O), Alphabet (GOOGL.O), Amazon.com (AMZN.O) and Meta Platforms (META.O), which have helped power the S&P 500 (.SPX) higher in 2023 while the other indexes lagged, report later this week. Chipmaker Intel (INTC.O), oil major Exxon Mobil (XOM.N), General Motors (GM.N) are among other major companies set to report results this week. Overall, earnings are expected to grow at 1.2% in the third quarter for S&P 500 companies, as per LSEG data. Seven of the 11 major S&P 500 sub sectors were in the green, with industrials (.SPLRCI) and communication services (.SPLRCL) leading gains.

Persons: Brendan McDermid, Hess, Bill Ackman's, David Bahnsen, Piper Sandler, Morgan, advancers, Shubham Batra, Shashwat Chauhan, Sriraj Kalluvila, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Chevron, Walgreens, Dow, Nasdaq, Capital Management, Microsoft, Intel, Exxon Mobil, General Motors, Dow Jones, Walgreens Boots Alliance, Hess Corp, FMC, NYSE, Thomson Locations: New York City, U.S, East, Israel, Gaza, Lebanon, Bengaluru

☆ Billionaire investor Ackman says 'covered our bond short'
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Acquire Licensing RightsOct 23 (Reuters) - Bill Ackman's hedge fund Pershing Square Capital Management has covered its bond short position, the billionaire investor posted on Monday, saying it was too risky to remain short bonds at current long-term rates. Pershing Square Capital Management did not immediately respond to a Reuters request for additional comment. "The economy is slowing faster than recent data suggests," Ackman wrote on messaging platform X, formerly known as Twitter. One of Wall Street's most voluble investors, Ackman has been using the social media platform to express his opinion on economic policy and presidential politics.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Ackman, Jaiveer Singh, Shilpi Majumdar Organizations: Pershing Square Capital Management, REUTERS, Capital Management, U.S, Pershing, Twitter, Treasury, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru

☆ Watch CNBC's full interview with Corient's Andy Kapyrin and UBS' Angie Newman
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Corient's Andy Kapyrin and UBS' Angie NewmanAndy Kapyin, partner at the wealth advisory firm Corient, and Angie Newman, portfolio manager at UBS Private Wealth Management, join 'The Exchange' to discuss the reversal in bond yields triggered by Bill Ackman's latest call, diversifying your portfolio with various maturities, and bonds outperforming equities in the next year.

Persons: Corient's Andy Kapyrin, Angie Newman Andy Kapyin, Angie Newman, Bill Ackman's Organizations: UBS, UBS Private Wealth Management

☆ The Fed has the bond market by the horns, says Corient's Andy Kapyin
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed has the bond market by the horns, says Corient's Andy KapyinAndy Kapyin, partner at the wealth advisory firm Corient, and Angie Newman, portfolio manager at UBS Private Wealth Management, join 'The Exchange' to discuss the reversal in bond yields triggered by Bill Ackman's latest call, diversifying your portfolio with various maturities, and bonds outperforming equities in the next year.

Persons: Andy Kapyin Andy Kapyin, Angie Newman, Bill Ackman's Organizations: UBS Private Wealth Management

☆ Bill Ackman covers bet against Treasurys, says 'too much risk in the world' to bet against bonds
▼ + stars: | 2023-10-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Pershing Square's Bill Ackman revealed Monday he covered his bet against long-term Treasurys, believing that investors may increasingly buy bonds as a safe haven because of growing geopolitical risks, the latest of which being the Israel-Hamas war. The 30-year Treasury yield has risen more than 80 basis points since the end of August, making Ackman's bet profitable. Bond prices move inversely to yields, so Ackman's bet against bonds was, in effect, a gamble on higher rates. The 30-year Treasury yield fell 6 basis points to 5.01% on Monday after Ackman's comments.

Persons: Bill Ackman, Pershing, Ackman, Ackman's Organizations: Pershing, Capital Management, Delivering Alpha, Treasury Locations: Israel

☆ 2 startup founders and a VC share why they won't hire anyone who supports Hamas
▼ + stars: | 2023-10-21 | by ( Julie Bort | ) www.businessinsider.com time to read: +8 min

Two startup founders and a VC explain why they won't hire people who support Hamas. Struck has pledged never to hire people who support Hamas, which has been designated a terrorist organization by the US. In the days following the horrific terrorist attack by Hamas against Israel, this distinction was sometimes lost. In their interviews with Insider, Struck, Broukhim, and Frischer explained nuanced stances and where they draw the line on this issue. Frischer's takeMatt Frischer, co-founder of Protect Matt FrischerFrischer has similar opinions.

Persons: —, Adam, Michael Broukhim, Matt Frischer, Oren Etzioni, Israel, Bill Ackman, Frischer, FabFitFun Michael Broukhim, Broukhim, He's, Jonathan Neman, Matt Frischer Frischer, It's Organizations: Hamas, Service, Israel, Madonna Venture, Pershing, Harvard, Columbia, Defamation, cribs Locations: Israel, Los Angeles, Palestine, FabFitFun

☆ Harvard has become the poster child for American culture wars in the 11 days since Hamas' terrorist attack on Israel. Here's what's happened.
▼ + stars: | 2023-10-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +15 min

Harvard University has become a flashpoint in the intergenerational divide on the Israel-Hamas war. AdvertisementAdvertisementIn the 11 days since Palestinian militant group Hamas launched its terrorist attack on Israel, Harvard University has become a flashpoint for intergenerational tensions about the war — and the broader culture war around campus free speech. Hamas launches terrorist attacks on IsraelPalestinian militant group Hamas launched a series of terrorist attacks on Israel on October 7, with Israel retaliating. AdvertisementAdvertisement"These hateful Harvard students are the future leaders of our society," Rep. Ritchie Torres of New York wrote on X. Some student groups backtrackSome student groups that co-signed the original statement have since withdrawn their signatures.

Persons: Israel, —, Israel retaliating, Bill Ross, Ian Bremmer, Bremmer, Larry Summers, Tom Williams, Summers, Seth Moulton of, Moulton, Republican Sen, Ted Cruz, Rep, Ritchie Torres, Harvard Hillel, Bill Ackman, @harvard, Meredith Weenick, Weenick, Idan Ofer, Batia, Les Wexner, Ackman, Joe McCarthy, Claudine Gay, Craig F, Walker, Gay, Harvard Crimson, Israel's, Joseph Prezioso, Elise Stefanik, Win McNamee, Marc Rowan, Jon Huntsman Jr, Elizabeth Magill, Davis Polk, Wardwell, Winston, Strawn Organizations: Harvard University, Service, Hamas, Harvard, Republicans, Israel Palestinian, UN, Gaza's Hamas, Harvard Palestine Solidarity Groups, Harvard Undergraduate Palestine Solidarity Committee, Inc, Getty, Republican, New York, Palestine, Alpha, CNBC, Harvard Crimson, Conservative, Media, Harvard University Police Department, Quantum, Group, Harvard's Kennedy School of Government, CNN, Wexner Foundation, Bloomberg, Boston Globe, Nepali Student Association, Harvard Undergraduate Palestine Solidarity, Harvard Yard, New York Republican, New, Apollo Global Management, University of Pennsylvania, Huntsman, University, Columbia University, New York University, NYU Student Bar Association Locations: Israel, Gaza, Seth Moulton of Massachusetts, Ted Cruz of Texas, Harvard's, Harvard, Cambridge , Massachusetts, AFP, New York, Utah, Columbia

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