Bill Ackman’s hedge fund bets on Nike in first new investments in over a year
Billionaire investor William Ackman picked up new stakes in sportswear company Nike and investment management firm Brookfield in the second quarter, according to regulatory filings filed Wednesday. This marks Pershing Square’s first new investment, which manages about $17 billion in assets, since the firm pumped money into Google parent Alphabet in the first quarter of […]
NY pension fund bought $75M CrowdStrike stake before IT meltdown
A New York state pension fund is facing nearly $30 million in losses after buying CrowdStrike shares just before the tech company caused a global network outage and sent its stock price plummeting. The New York State Teachers Retirement System (NYSTRS) bought 197,462 shares of the Austin-based cybersecurity company in the second quarter of this […]
Minnesota teacher pension fund under Walz accused of ‘cooking the books’ with unrealistic gains: report
A leading pension investigator alleges that Minnesota’s public school teachers’ retirement system, under the direction of Gov. Tim Walz (recently named by Vice President Kamala Harris as her running mate), has manipulated financial reports by grossly understating the annual fees it pays to Wall Street investment managers and showing unrealistically high rates of return. New […]
Teachers’ Minn. pension fund under Tim Walz ‘cooking the books’ by vastly underreporting fees: ‘Madoff miracle’ – New York Post
Minnesota Gov. Tim Walz’s public school teachers’ retirement system “falsified the books” by dramatically under-reporting the annual fees it paid to Wall Street investment managers, posting nearly impossible gains that rivaled the “Madoff miracle,” a top pension investigator said. The state Teachers Retirement Association has disclosed less than 10 percent of the estimated $2.9 billion […]
Victim offers college fund to thieves — Fox News Video
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EXCLUSIVE: New Trump Rally Video Scorches Kamala For Pushing Dangerous Minnesota Bail Fund
Former President Donald Trump is scheduled to play a video at a rally in Minnesota on Saturday blasting Vice President Kamala Harris for her aggressive fundraising for the Minnesota Freedom Fund (MFF), which releases felons from prison and puts them back on the streets. The Daily Caller has obtained an initial copy of the video […]
Iconic ’80s Billboard Star Angelyne Lists Her Used Undies For Sale In Auction To Fund Her Own Film
TMZ reports that Angeline plans to auction off her collection of used underwear to raise funds for upcoming film projects. The ’80s icon, known for her eye-catching billboards around Los Angeles, is taking an unconventional approach to fundraising for her latest project, a movie about her life. In a unique fundraising effort, Angeline is selling […]
David Rubenstein’s daughter quits Alaska fund over cronyism claims
The daughter of private equity billionaire David Rubenstein has resigned from the board of Alaska’s $80 billion sovereign wealth fund after being accused of using her position to benefit friends and family. Gabriel (Ellie) Rubenstein (36), who runs the Colorado-based investment firm Manna Tree, announced at a meeting with the Alaska Permanent Fund Corporation’s board […]
Pro-Trump money man Bill Ackman seeks investors for new fund
Bill Ackman, the billionaire ally of Donald Trump, has asked shareholders of his Pershing Square fund to back a new investment venture that aims to manage about $25 billion in assets. The 58-year-old hedge fund manager, whose net worth is estimated at $9 billion, wrote the letter seeking support for Pershing Square USA, which plans […]
Harris’ backing of bail fund during George Floyd protests dampens Trump ‘prosecutor’ campaign pitch
Vice President Kamala Harris is working hard to prove she has the ability not only to defeat former President Donald Trump in the 2024 election, but also in court, even as the bail fund she once supported to help free violent offenders appears to still be soliciting donations. At a campaign event on Monday, Harris, […]