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A company involved with Valeant has shed light on a critical accusation in...
Around 7:10 p.m. ET on Wednesday, Philidor — a specialty-pharmacy company that distributes and bills clients for embattled drug company Valeant Pharmaceuticals — made a statement that helped address...
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Valeant's largest shareholder: 'It hurts' (vrx, sequx)
Sequoia Fund, the large mutual fund managed by Robert Goldfarb and David Poppe, has posted a letter on the homepage of its website defending its massive investment in Valeant Pharmaceuticals.Shares of...
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SolarCity is getting nuked (SCTY)
SolarCity shares are tanking in morning trading on Friday after the company reported earnings Thursday.SolarCity's share price dropped by as much as 24% to the lowest levels in more than two years.The...
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Hedge fund legend Stan Druckenmiller raved about Amazon, one of his newest...
Legendary hedge fund manager Stanley Druckenmiller says he loves Amazon because, unlike IBM, it's not focused on short-term quarterly earnings. "The last 19 quarters, Amazon has missed their quarterly...
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Hedge fund manager Barry Rosenstein ditched Valeant's stock before its epic...
Activist investor Barry Rosenstein ditched his entire stake in Valeant Pharmaceuticals right before the shares plunged.The drugmaker's shares had been a big performance driver for Rosenstein's Jana...
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Here's the email Bill Ackman just sent the CEO of Valeant, after the...
Bill Ackman sent an email to J. Michael Pearson, the CEO of embattled drug company Valeant Pharmaceuticals, showing his support for the executive after The Wall Street Journal reported that Ackman had...
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It looks like Paulson & Co. might have a big new position
Paulson & Co. portfolio manager Samantha Greenberg pitched Charter Communications as a long at a private investment conference in New York.Greenberg, a partner and the media/cable/satellite and...
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George Soros is betting on eBay and PayPal (PYPL, CIT)
Soros Fund Management has published its 13-F filing, which sets out the fund's long positions as of the end of the third quarter.The filing sets out Soros' investments in eBay and PayPal Holdings, the...
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Hedge fund manager Barry Rosenstein has likely made a killing on Microsoft
Barry Rosenstein's hedge fund, Jana Partners, took a big position in Microsoft last quarter, according to its latest 13F filing.And it likely made a killing.The stock was trading at $47.23 at the...
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Tiger Global made a $1 billion bet on Amazon and it's paying off big time
Tiger Global's public equity business, run by Scott Shleifer, added a boat load of Amazon shares during the third quarter.Tiger Global bought 2.44 million shares of Amazon, bringing its stake to more...
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Short seller Andrew Left just flagged the 'short of the year' for 2016 and...
Short seller Andrew Left, founder of the California-based Citron Research, tweeted that Mobileye is the "short of the year" for 2016. Shares of Mobileye fell to $40.20, down $2.75, or 6.40%, after the...
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This hedge fund crushed the competition in 2015
A biotech-focused hedge fund has posted some astonishing performance numbers in what has been an underwhelming year for the average hedge fund.Perceptive Life Sciences Offshore Fund, a $1.14 billion...
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2 directors just resigned from the drug company formerly run by Martin...
KaloBios Pharmaceuticals, which last week fired its CEO Martin Shkreli in the wake of fraud charges, has lost two of its directors.Tom Fernandez and Marek Biestek resigned from KaloBios' board of...
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ERIC JACKSON ON YAHOO: 'The current board as a whole has failed'
Activist investor Eric Jackson of SpringOwl Asset Management has joined the call for a board shake-up at Yahoo, telling Business Insider that "the current board as a whole has failed its fiduciary...
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The hedge funder who published a 99-page report to shake up Yahoo just...
Eric Jackson of SpringOwl Asset Management is becoming known for dropping in-depth presentations calling for dramatic action at companies he's invested in.For his last target, Yahoo, he strongly...
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One of the world's best value investors has a warning about those Silicon...
Legendary value investor Seth Klarman has a warning about Silicon Valley unicorns, the startups valued at $1 billion or more.Here's Klarman in his fund's 2015 year-end letter:Another area that has been...
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How hedge fund traders shared inside information while playing 'Call of Duty'
On Thursday evening, FBI Special Agent David Chaves gave a presentation on insider trading at an event hosted by the New York Hedge Fund Round Table at the Penn Club of New York.Since 2009, the...
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FBI AGENT: 8 clues to tell if someone is a liar
FBI Special Agent David Chaves spoke at an event called "The FBI on Wall Street" on Thursday evening. The event was hosted by the New York Hedge Fund Round Table at the Penn Club of New York.Since...
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HEDGE FUND MANAGER: Cord-cutting isn't going to kill Comcast (CMCSA)
Hedge fund manager Anthony Bozza, founder of $3 billion Lakewood Capital, is long Comcast.He also doesn't think so-called "cord-cutting" will be an issue for the largest US cable operator.In a letter...
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Tiger Global has made a $1 billion bet on Apple (AAPL)
Tiger Global's public-equity business, run by Scott Shleifer, initiated a new position in Apple during the fourth quarter, according to the fund's latest 13F filing.During Q4, Tiger Global, an...
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