Hedge Funds

Activist investor Bill Ackman loses his bid for ADP board seats after a high-profile proxy fight with the company.

ADP says Ackman wanted to avoid a proxy contest but said if forced into, one he’d use his media skills to damage the company.

Nelson Peltz’s Trian Fund Management has filed a notice for a board seat at Proctor & Gamble, according to a source close to the matter.

In a statement released to CNBC, Cooperman says he is, “truly surprised at the destructive power the SEC has.”

Billionaire Ray Dalio’s hedge fund, Bridgewater Associates, responded to a New York Times story that reported a culture of “fear and intimidation.”

China’s push to stabilize its stock market puts a major U.S. hedge fund in the crosshairs.

Hungry for returns, investors are giving more new hedge funds a test drive. Funds based in the Americas that launched in 2014 pulled in $34.1 billion, the highest annual total since $39.5 billion was raised in 2004, according to new research from industry news and data provider Absolute Return. The money was spread out over 84 …

Hedge fund billionaire Paul Tudor Jones said the growing gap between the rich and the rest could be “disastrous,” and that the drive for corporate profits has “ripped the humanity” from American companies. Speaking at a sold-out TED Talk in Canada this week, the co-chairman of Tudor Investment and a man Forbes says is worth …

Activist investor Bill Ackman told CNBC on Friday he has not traded around his short position in Herbalife. “We’re not trying to make money on short-term moves in Herbalife stock,” he said in a “Squawk Box” interview, a day after The Wall Street Journal reported that federal prosecutors and the FBI are investigating potential stock …

Hedge fund investing is expensive, but following what the big-name managers do is not. Such is the premise of “clone” funds, a small but growing sector of the market in which managers track what the best names in the hedge industry—think Leon Cooperman, Carl Icahn or David Tepper—are doing via the 13f disclosure forms they …

If hedge funds and Japan dated, it might be called an on-again, off-again relationship. Investors famously shorted Japanese government bonds, or JGBs, a few years ago but got burned; the bearish trade was dubbed the “widow-maker.” The next big play was a bullish one on local stocks rising and the yen falling, which made tons …

Hedge funds designed to protect against falling and volatile markets have made a strong pitch to investors: Trust us with your money, and we’ll make lots of it for you when years of relatively smooth, positive stock returns inevitably end. The beginning of the end—or at least a temporary market pullback, depending on whom you …

Investors looking to follow the strategies of hedge fund heavyweights were the big winners when a major pension plan announced last week that it was cutting a $4 billion slate of high-cost managers, according to industry experts. The California Public Employees’ Retirement System is the largest public pension manager in the U.S., so its move …

A high-profile hedge fund exodus from a huge pension manager does not appear likely to spark a major movement. Pensions, investment consultants and other money managers at an industry conference this week dismissed the idea that the California Public Employees’ Retirement System’s decision to cut a $4 billion slate of hedge funds would stall the …

Calpers, the country’s biggest public pension system, is getting rid of all its hedge fund investments. Will others follow?