#Bill Ackman, Peter Thiel back investment firm taking on ‘woke’ capitalism

#Bill Ackman, Peter Thiel back investment firm taking on ‘woke’ capitalism

“Bill Ackman, Peter Thiel back investment firm taking on ‘woke’ capitalism” Pershing Square Capital boss Bill Ackman and tech billionaire Peter Thiel are among the investors backing an upstart fund that’s aiming to lead a movement against politically influenced “stakeholder capitalism.” Dubbed Strive Asset Management, the fund was founded by pharmaceutical investor Vivek Ramaswamy –…

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#Archegos founder Bill Hwang arrested, charged with fraud

#Archegos founder Bill Hwang arrested, charged with fraud

“Archegos founder Bill Hwang arrested, charged with fraud” Archegos Capital Management founder Bill Hwang and the fund’s chief financial officer Patrick Halligan were arrested Wednesday by federal agents on criminal charges including securities fraud, wire fraud and racketeering. In a lawsuit filed in the Southern District of New York, US prosecutors allege Hwang — whose…

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#Bill Ackman loses 0 million after Netflix shares tank

#Bill Ackman loses $400 million after Netflix shares tank

“Bill Ackman loses $400 million after Netflix shares tank” Hedge fund billionaire Bill Ackman has quickly given up on Netflix. The head of Pershing Square Capital Management is $400 million poorer after selling the 3.1 million shares of Netflix that he bought for $1.1 billion in January. Shares of Netflix nosedived by 35% on Wednesday…

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#Bill Ackman retiring from short-selling, ‘vocal’ activism

#Bill Ackman retiring from short-selling, ‘vocal’ activism

“Bill Ackman retiring from short-selling, ‘vocal’ activism” Billionaire investor Bill Ackman, who spent years building his reputation as a vocal corporate agitator, now plans to work mainly behind the scenes with management and adopt what he calls a “quieter approach” to force change. Fresh off three years of strong double digit returns, Ackman told investors…

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