$3B Disney bet caused Nelson Peltz’s hedge fund to underperform in 2023: source
A $3 billion bet on Walt Disney by Nelson Peltz's Trian Fund Management was compared to the investment management firm's activist hedge fund, according to financial details provided to Reuters by Trian investors. This was the main reason for last year's poor performance. The previously unreported details illustrate the high financial stakes for Tryon as […]
Bill Ackman’s Pershing Square named one of world’s top hedge funds
Bill Ackman's Pershing Square Capital Management has rejoined the list of the world's 20 best-performing hedge funds, nine years after being dropped from the ranking. Pershing Square ranked 20th, ahead of Louis Bacon's Moore Capital Management, according to LCH Investments. LCH said the New York-based fund, which has $17.9 billion in assets under management, made […]
‘Good chance’ UK may have fallen into technical recession; top hedge funds post record profits – business live | Business
Introduction: 'A good chance' as Britain falls into a tech recession good morning. Welcome to our regular coverage of business, financial markets and the global economy. We predict that the UK is likely to have fallen into recession at the end of last year. EY Item Club believe. martin beckChief Economic Advisor EY Item Club […]