Bill Ackman tells Reuters Impact Players host Robert Wolf that while he can take months to painstakingly vet a company before taking a position, one of his best investments took only four hours of research in the midst of the financial crisis. Bill Ackman also said his public bet against Herbalife was bound to stir controversy, but he was surprised so many in the hedge fund world tried to put a “short squeeze” against him. With regards to JCP, Ackman says CEO Ron Johnson’s tenure at JCPenney is “something very close to a disaster” .
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GrizzlyRock Value Partners was up 16.6% for the first quarter, compared to the S&P 500's 5.77% gain and the Russell 2000's 12.44% return. GrizzlyRock's long return was 22.3% gross, while its short return was -2.9% gross. Compared to the Russell 2000, the fund's long portfolio delivered alpha of 10.8%, while its short portfolio delivered alpha Read More