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☆ RFK Jr. said in 2012 that he thought a worm ate part of his brain: 'I have cognitive problems, clearly'
▼ + stars: | 2024-05-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Presidential candidate Robert F. Kennedy Jr. said in a 2012 deposition he has a worm in his brain. In the deposition, Kennedy said he visited several neurologists in 2010 to try to find the cause of his haziness. While some doctors believed he had a brain tumor, one thought he had a worm stuck in his brain. In the 2012 deposition, Kennedy said that he once had to have his heart shocked by doctors to get it to beat back in sync. Questioning Mr. Kennedy's health is a hilarious suggestion, given his competition."

Persons: Robert F, Kennedy Jr, Biden, he's, —, Kennedy, Mary Richardson Kennedy, Joe Biden, Donald Trump, Mr, Stefanie Spear, Kennedy hasn't, Bill Ackman, Jack Dorsey, David Sacks Organizations: Trump, The New York Times, Service, Times, White, Pershing, Capital Management, Twitter, PayPal Locations: Africa, South America, Asia

☆ 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

☆ Bill Ackman buys stake in Tel Aviv’s stock exchange in ‘strong vote of confidence’ for Israeli economy
▼ + stars: | 2024-01-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a stake in Tel Aviv’s stock market in what the exchange said Wednesday was a “strong vote of confidence” in Israel’s economy. The couple have agreed to buy a stake of nearly 5% in the Tel Aviv Stock Exchange (TASE), joining other buyers of around 17 million shares in total, the exchange said in a statement. But his latest investment suggests he is optimistic about the prospects for Israeli companies despite the country’s ongoing war against Hamas. The value of stocks listed on the exchange has swung wildly since October 7, the day Hamas launched its deadly attack on Israel. A report by Business Insider in early January alleged that Oxman had plagiarized parts of her doctoral dissertation.

Persons: Bill Ackman, Neri Oxman, Ackman, Claudine Gay, Gay, —, Oxman Organizations: London CNN —, Tel Aviv Stock Exchange, bourse, Pershing, Capital Management, Hamas, Harvard, Jewish, Business Locations: Tel Aviv’s, Israel, United States, Europe, Australia

☆ Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange
▼ + stars: | 2024-01-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday. The announcement came as the Israeli bourse announced the pricing of a secondary offering of 17,156,677 shares priced at 20.60 shekels ($5.50) per share. "The transaction drew robust interest from investors across Israel, the United States, Europe, and Australia, reflecting a strong vote of confidence in both the Tel Aviv Stock Exchange and the Israeli economy at large," the statement read. "Among the prominent buyers were Neri Oxman and Bill Ackman who have agreed to purchase approximately a 4.9% equity stake in the TASE." His wife, Neri Oxman, is an American-Israeli designer and professor.

Persons: Bill Ackman, Neri Oxman Organizations: Tel Aviv Stock Exchange, Israeli bourse, New, Pershing, Capital Management Locations: Israel, United States, Europe, Australia, New York, Gaza, American

Neri Oxman , a former MIT professor and celebrity within the world of academia, stole sentences and whole paragraphs from Wikipedia, other scholars, and technical documents in her academic writing, Business Insider has found. AdvertisementNeri Oxman directly copied from Wikipedia in her Ph.D. dissertationOn page 81 of her dissertation, "Material-based Design Computation," Oxman published two sentences without attribution that had previously appeared on Wikipedia. Business InsiderThe Wikipedia article for "Weaving" featured virtually identical sentences in April 2010 , when Oxman's dissertation was submitted. Business InsiderOxman's cribbing from the "Weaving" article was one of 15 examples that BI found Oxman plagiarizing from a Wikipedia article in her dissertation. The bulk of the plagiarism BI found was in her dissertation, which runs more than 300 pages.

Persons: Neri Oxman, Oxman, Bill Ackman, Ackman, Claudine Gay, Gay, Claudine Gay's, It's, Rick Norwood, silkworms, Wolfram MathWorld, M.Y . Zhou, Bruno Zevi, Sally Kornbluth Organizations: MIT, Pershing, Capital Management, Washington Free Beacon, Business, Creative, East Tennessee State University, MIT Media, Rhino, BI, Da Capo Press, MIT Corporation, Eastern Tennessee State University Locations: Gaza

☆ 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

☆ Bill Ackman is now turning his focus to MIT's president after Harvard and Penn's resign
▼ + stars: | 2024-01-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Bill Ackman took aim at MIT President Sally Kornbluth after Claudine Gay's resignation from Harvard. Gay resigned as president of Harvard after her response to antisemitism and alleged plagiarism. Ackman began calling for the presidents of Harvard, MIT and Penn to resign in December. Ackman on Tuesday took aim at his final target in a dispute over antisemitism at some of the US's top schools: MIT President Sally Kornbluth. Ackman posted on X after the news of Harvard President Claudine Gay's resignation.

Persons: Bill Ackman, Sally Kornbluth, Claudine Gay's, Gay, Ackman, —, Liz Magill, Harvard's Gay, Ackman didn't, Harvard's, Magill, Kornbluth, she'd Organizations: MIT, Harvard, Penn, Service, Pershing, Capital Management, University of Pennsylvania Locations: Israel

☆ Here's what it would take for the Fed to start slashing interest rates in 2024
▼ + stars: | 2023-11-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"In a different cycle, when inflation hadn't spiked so much, I think the Fed would have been cutting rates already. "If the real fed funds rate continues to go higher as I expect it will, then you'd want to offset that through rate cuts. And the amount of rate cuts I think they're going to have to do is a relatively large amount." "I think there's a real risk of a hard landing if the Fed doesn't start cutting rates pretty soon," the head of Pershing Square Capital Management added. However, even some of the historically more dovish Fed officials aren't showing their hands on when they think cuts will come.

Persons: Valerie Plesch, Kathy Jones, Charles Schwab, Christopher Waller, Michelle Bowman, Waller, Bowman, Joseph LaVorgna, Donald Trump, Chris Marangi, Bill Ackman, Ackman, David Rubenstein, Raphael Bostic, Thomas Barkin Organizations: Eccles Federal, Bloomberg, Getty, Federal Reserve, Fed, Nikko Securities America, National Economic Council, CME Group, Stocks, Gabelli, Market, Pershing, Capital Management, Atlanta Federal Reserve, Richmond Locations: Washington , DC, Atlanta

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

☆ Harvard could face funding consequences if it fails to tackle antisemitism, says Bill Ackman in letter
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Ackman, who met with a group of more than 200 Harvard students and faculty last week, said the university’s administration is not doing enough to protect them. “Harvard student disciplinary actions should not be outsourced to the police department,” he wrote. When contacted, Harvard directed CNN to earlier statements from Gay and Harvard’s Executive Vice President Meredith Weenick about community conduct. Ackman and others suggested there should be employment consequences for students who had signed the letter. In his letter, Ackman acknowledged the success of that message and suggested that Harvard administrators warn students of the potential consequences.

Persons: Bill Ackman, ”, Ackman, Claudine Gay, Harvard Business School Dean Srikant Datar, ” Datar, “, Harvard’s Slack, Meredith Weenick, Gay, ” Gay, Leslie Wexner, Abigail, Lawrence Summers, Clinton, ” Summers Organizations: New, New York CNN, Billionaire, Harvard University, Harvard, Israel, Harvard Business School, Harvard University Police Department, FBI, “ Harvard, CNN, Gay, Harvard Hillel, Palestinian, Elite, Wexner Foundation, Pershing Square Capital Management, Civil, Defamation Locations: New York, Israel, Gaza, Palestine, Harvard’s

☆ Premarket stocks: How Goldman Sachs is navigating a more turbulent world
▼ + stars: | 2023-11-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +11 min

Jared Cohen: If you reflect back on most of the last 20 years, the geopolitical center of gravity has been in the Middle East. But there’s a paradigmatic shift where the geopolitical center of gravity has moved from the Middle East to Washington and Beijing. That’s before you get into other factors like the war in Europe, now, the war in the Middle East and a variety of other things. I don’t think that’s the case. Leaders in the Middle East have a big vision of their role in the world.

Persons: Goldman Sachs, won’t, Goldman, Bell, Jared Cohen, Cohen, they’re, They’ve, it’s, They’re, Bill Ackman, ”, Ackman, Claudine Gay, “, Lawrence Summers, Clinton, ” Summers, Chris Isidore, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Goldman Sachs Global Institute, Applied Innovation, Global Affairs, Google, Harvard, Harvard University, Israel, Pershing Square Capital Management, “ Harvard, Civil, CNN, UAW, United Auto Workers, General Motors, Ford Locations: New York, China, Europe, East, Washington, Beijing, Taiwan, South China, Israel

☆ Billionaire investor Marc Rowan accused of using Wall Street tactics to 'strong-arm' UPenn into leadership change amid antisemitism row
▼ + stars: | 2023-11-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apollo CEO Marc Rowan halted his donations to UPenn over its response to Hamas' attacks on Israel. A Penn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college. AdvertisementAdvertisementThe billionaire Marc Rowan was accused by a University of Pennsylvania trustee of using aggressive Wall Street tactics to put pressure on the college over its handling of campus antisemitism. Rowan has contacted "half of Wall Street" to discuss ways major donors can utilize their influence to try and bring about leadership changes at top schools, CNBC reported. Andy Rachleff, a trustee at Penn, told The Wall Street Journal that he saw Rowan's outspoken efforts as an attempt "to strong-arm the university using the classic Apollo playbook."

Persons: Marc Rowan, Penn, Rowan, —, Elizabeth Magill, Magill, Carolyn, Andy Rachleff, Bill Ackman Organizations: Ivy League, Service, University of Pennsylvania, Street Journal, Penn, CNBC, Wharton School's, Advisors, Wall Street Journal, Harvard, Pershing, Capital Management, Cornell Locations: Israel, UPenn, Penn, Gaza, Hamas

☆ 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

☆ 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

☆ 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

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

☆ 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

The logo for Vanguard is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Despite a "cruel summer for bond investors," long-term bonds continue to remain attractive as the economy will likely enter a shallow recession next year, the world's second-largest asset manager said in a fixed income outlook seen by Reuters. "The relative advantage short-term government bonds have can fade quickly, and investors can fare better when they lock in higher rates for longer," Vanguard said. Vanguard said it expects interest rates will not be cut until at least mid-2024, and that bond yields will not return to the low levels that characterized the U.S. bond market in recent history. "We view high-quality corporates as one of the more attractive places to be in credit," Vanguard said.

Persons: Brendan McDermid, Bill Ackman, Davide Barbuscia, Ira Iosebashvili, Will Dunham Organizations: Vanguard, New York Stock Exchange, REUTERS, Federal, Reuters, U.S, Treasury, Pershing, Capital, Thomson Locations: New York City, U.S

☆ Bill Ackman's misguided Harvard crusade
▼ + stars: | 2023-10-13 | by ( Linette Lopez | ) www.businessinsider.com time to read: +6 min

"The names of the signatories should be made public," Ackman fumed, "so their views are publicly known." Look, it's classic Wall Street to complain about the younger generation being a bunch of good-for-nothing freaks. It's also classic Wall Street to throw money around as a way to exercise power over institutions, forcing rivals you dislike to bend the knee. In his initial post, Ackman said that "a number of CEOs" shared his desire to publicly out the Harvard students. AdvertisementAdvertisementOn Wall Street, Ackman is known as the king of uninformed, unnecessary, and seemingly unlimited tweets — a breathtaking achievement in an industry full of workaholic, screen-addicted information junkies.

Persons: Bill Ackman, —, Ackman, Larry Summers, Joe McCarthy, Mark Rowan, It's, it's, he's, JC Penney, Michael Pearson, Herbalife, Sam Bankman, Pershing, Linette Lopez Organizations: Pershing, Capital Management, Harvard, Wall, Treasury, Apollo Global Management, University of Pennsylvania, JC, isn't Locations: Israel, Canadian, Washington, Palestine

☆ Apollo CEO is calling for University of Pennsylvania leaders to resign after he says they refused to strongly condemn antisemitism
▼ + stars: | 2023-10-11 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Apollo Global Management CEO Marc Rowan is calling for University of Pennsylvania leaders to resign. AdvertisementAdvertisementApollo Global Management CEO Marc Rowan is the latest business leader to slam an Ivy League institution for not taking a stronger stance against what he called antisemitism. AdvertisementAdvertisementAt the time, the university responded, saying in a statement that "we unequivocally — and emphatically — condemn antisemitism as antithetical to our institutional values." But, in light of the attack by Hamas on Israel, Rowan has said the response was not enough. "We see sickening parallels between Harvard leadership's inaction against Harvard's antisemitism and the failure by UPenn's leadership to take a stand against hate," Rowan wrote in his letter.

Persons: Marc Rowan, Hedge, Bill Ackman, Israel, —, Elizabeth Magill, Scott Bok, Rowan, Magill, Magill's, didn't, Pink Floyd, Roger Waters, Carolyn, Ackman, Jonathan Newman, Jake Wurzak, Penn Organizations: Apollo Global Management, University of Pennsylvania, Hamas, Harvard, Service, Global Management, Ivy League, Daily, Defamation League, Jewish, Wharton School's, Advisors, Pershing, Capital Management, Dovehill Capital Management Locations: Israel, UPenn, mater

☆ CEOs call on Harvard to name students linked to statement blaming Israel for Hamas attack
▼ + stars: | 2023-10-11 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

The CEO of Pershing Square Capital Management said he wanted to ensure his company and others don’t “inadvertently hire” any students belonging to Harvard groups that signed the letter. Following a backlash to the statement, some of the student groups have since withdrawn their endorsements. Others warn that naming the students whose groups backed the statement could put the students in harms way and did not account for differences of opinion within the student groups. But Harvard President Claudine Gay issued a statement Tuesday saying “no student group – not even 30 student groups – speaks for Harvard University or its leadership.”Harvard student groups’ statementThe controversy comes in response to a joint statement released by a coalition of Harvard student groups following the attacks by Hamas that have killed more than 1,000 Israelis and at least 14 American citizens. Another Harvard student, Danielle Mikaelian, said she resigned from the board of a group that signed the statement on Israel and didn’t have a chance to read it until it was too late.

Persons: Bill Ackman, ” Ackman, don’t “, “, Jonathan Neman, Ackman, Stephen Sullivan, Claudine Gay, –, ”, ” Jake Wurzak, shouldn’t, ” Wurzak, Mohini Tangri, Tangri, Danielle Mikaelian, didn’t, ” Mikaelian, Israel “, Winston, Strawn, “ Winston, Larry Summers, Summers, Bill Clinton, ” Gay, Jonathan Greenblatt, CNN’s Kristina Sgueglia, Sabrina Shulman Organizations: New, New York CNN, Billionaire, Harvard University, Pershing, Capital Management, Harvard, Dovehill Capital Management, Forbes . Harvard University, ” Harvard, Harvard Palestine Solidarity Groups, Harvard Crimson, Harvard Undergraduate Nepali Student Association, Crimson, Harvard Law School, NYU Student Bar Association, NYU, Winston, Defamation League, ADL, Accenture, Adidas, NBA, CNBC Locations: New York, Israel, Gaza

☆ Peltz's Trian up 3% this year even as Disney bet soured
▼ + stars: | 2023-10-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 10 (Reuters) - Nelson Peltz's Trian Fund Management returned nearly 3% in the first nine months of the year, investors said on Tuesday, as his bet on Walt Disney Co (DIS.N) contributed to the activist hedge fund lagging its peers' returns. Disney's stock price has tumbled roughly 30% since February, when Peltz ended a battle for a board seat but kept Trian invested in the stock. Some blue-chip activist investors, including Bill Ackman's Pershing Square Capital Management and Jeff Smith's Starboard Value, are posting better numbers. The average activist investor gained nearly 7% through the end of September, according to Hedge Fund Research data. At the end of June, the average activist investor was up 11.5% while Trian was up roughly 6%, HFR data and investors said.

Persons: Nelson, Peltz, Trian, Janus Henderson, Trian's, Bill Ackman's, Jeff Smith's, Svea Herbst, Bayliss, Nick Zieminski Organizations: Fund Management, Walt Disney Co, Disney, Reuters, Janus Henderson Group, Ferguson, Bill Ackman's Pershing, Capital Management, Pershing, Fund Research, Svea, Thomson Locations: Boston

☆ Bill Ackman calls on Harvard to release the names of students in groups holding Israel responsible for Hamas violence — so CEOs don't 'inadvertently hire' them
▼ + stars: | 2023-10-10 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Bill Ackman is calling on Harvard to release the names of students who are part of groups that signed a letter solely blaming Israel for the crisis in Gaza. The billionaire says he and other CEOs want to know so they don't "inadvertently hire any of their members." The letter has drawn backlash from many Harvard alums, including Ackman, for its staunch position. AdvertisementAdvertisementBillionaire hedge fund manager Bill Ackman has called on Harvard University to release the names of students who are members of organizations that signed a letter saying Israel is "entirely responsible" for the violence unfolding in the region. His request to release students' names has received a mixed response on Twitter — certainly not everyone agreed.

Persons: Bill Ackman, Israel, —, Ackman, Ian Bremmer, Larry Summers, Seth Moulton, Ted Cruz, Hama, Claudine Gay Organizations: Harvard, Service, Harvard University, Eurasia Group, Harvard Palestine Solidarity Groups, Harvard Palestine Solidarity Committee, US, Pershing, Capital Management, Pershing Square Foundation, Center for Jewish, Rights Watch, America, Twitter Locations: Gaza, Israel, Harvard Palestine, Harvard

☆ Explainer: How Bill Ackman's SPARC differs from a SPAC
▼ + stars: | 2023-10-02 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Here's how a SPARC differs from a SPAC:DEAL VISIBILITYOne of the biggest differences is a SPARC doesn't require up-front money from investors like a SPAC does. SPAC investors are then given the option to vote down an acquisition or redeem their shares once a deal has been announced. SPARC will only ask for money from investors once it has clinched and disclosed a deal to buy a company. CAPITAL FLEXIBILITYUnlike a SPAC, the amount of money SPARC seeks from investors will vary based on the size of the deal it pursues. This means that SPARC investors will not be diluted by such warrants and will get to keep more of the company.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Ackman, Tontine, Svea Herbst, Bayliss, Lisa Shumaker Organizations: Pershing Square Capital Management, REUTERS, Pershing Square SPARC Holdings, SPARC, U.S . Securities, Exchange Commission, SEC, Pershing, Tontine Holdings, Universal Music Group, SPACs, Svea, Thomson Locations: Las Vegas , Nevada, U.S, New York, Rhode Island

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