Pershing Square

Stefan Lumiere was ordered to serve 18 months in prison following his conviction on securities and wire fraud charges.
The move was a temporary reprieve for Bill Ackman’s Pershing Square, which is short the company, although the stock is still up significantly for the year.
The hedge fund titan’s bold bet against the multi-level marketer continues to go against him.
The activist manager got a boost from Restaurant Brands and Chipotle — and cutting his losses in Valeant.
The investment vehicles attracted nearly $16 billion in net new money in the last month alone.
Shares of the drugmaker owned by ValueAct and dumped by Pershing Square closed at less than nine bucks apiece on Tuesday.
The Pershing Square founder tells investors in his publicly traded vehicle that the Valeant holding accounted for most of its losses last year.
The troubled drug maker, a big holding of ValueAct Capital, gave hefty pay packages to top execs after a year when its stock tanked.
Alliance Data Systems and Tailored Brands are adding board members from hedge funds that invest in them.
Deerfield Capital is one health care fund that has thrived in a rough environment.