plunge

Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

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Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

Pershing Square’s Bill Ackman folded on his short bet against Herbalife Ltd nearly six years ago but he’s calling Thursday’s record tumble a win. The stock of the weight-loss shakes and vitamins seller plunged 32% to a 14-year low, after a quarterly earnings report that fell short of analyst expectations. In the last six months, … Read more

Private equity drought: Returns plunge to levels from 2009 – Uptrends

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Private equity drought: Returns plunge to levels from 2009 – Uptrends

Private equity funds last year returned the lowest amount of cash to their investors since the financial crisis 15 years ago, according to Raymond James Financial Inc., hampering buyout firms in their efforts to launch new investment vehicles. Distributions to so-called limited partners totaled 11.2% of funds’ net asset value, the lowest since 2009 and … Read more