EXHIBIT 99.1
3 January 2012
Mr. William A. Ackman
Pershing Square Capital Management, L.P.
888 Seventh Avenue
New York, NY 10019
Dear Mr. Ackman:
I have appreciated the dialogue between us and am optimistic that we can continue to discuss …
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Influential investor Bill Ackman wants retired railway legend Hunter Harrison to put his former adversary, Canadian Pacific Railway Ltd.(CP-T68.792.273.41%), back on track.
According to people familiar with the strategy of Mr. Ackman’s New York hedge fund Pershing Square Capital Management…
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This write-up is ‘pre-Sears’, it is a clear reference to Bruce Berkowitz.
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Below we illustrate by example. This is a genuine portfolio from a big-name fund manager with a fantastic reputation whom politeness (and bad karma) prevents us from naming.
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Hedge fund manager David Einhorn is taking an even harder line against Green Mountain Coffee Roasters (GMCR.O), his big short trade, claiming a recent audit committee review of the accounting issues he flagged is nothing more than a “whitewash.”
In
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“Small-cap value investment is our core business” says Chuck Royce. Royce & Associates, founded by Chuck Royce in 1972, employs a value-based approach to invest in companies with small market capitalizations. The company looks for small-cap companies that are underpriced…
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David Einhorn, the hedge-fund manager who compared the Greek bailout to a surrealist painting, recast a bet against sovereign debt in a way that reduces risks posed by government regulators and big banks.
Greenlight Capital Re Ltd., a publicly traded…
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Bill Ackman’s Pershing Square Capital Management said Tuesday it increased its stake in Canadian Pacific Railway (CP, CP.T) to 14.2% from 12.4% after buying three million shares this month. In the regulatory filing, Pershing, led by value investor Bill Ackman,…
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Confirmed by Baupost, not short BAC-Thomson Reuters
Our friends at Zero Hedge, put out an interesting report suggesting that Seth Klarman is short BAC.
Below is a brief excerpt:
As a reminder, Baupost is one of the …
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(Reuters) – Walnut Place, a group of undisclosed investors who oppose Bank of America Corp’s (BAC.N) $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank.
“Walnut Place is actually…
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Fifty money managers have used Securities and Exchange Commission rules to keep confidential their stakes in certain companies so far this year, an analysis of securities filings shows.
The longstanding practice got a new burst of attention last month when…
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