Canadian Pacific Railway Ltd is a win for Bill Ackman, no matter how you keep track

Canadian Pacific Railway Ltd is a win for Bill Ackman, no matter how you keep track

When activist investor Bill Ackman first approached Canadian Pacific Railway Ltd.’s management about making major changes to the underperforming railway, including hiring a chief executive who had just retired from its closest rival, they were understandably defensive. In press release on Feb. 6, 2012, responding to a town hall meeting Ackman’s hedge fund had just held…

Mangrove Partners Narrowly Avoids “Extinction-Level Event”

Nathaniel August's Mangrove Partners is having a rough 2020. According to a copy of the hedge fund's August update, a copy of which ValueWalk has been able to review, for the year to August 5, Mangrove Funds have returned -38%. Over the trailing 12-month period, the funds returned -44%. The S&P 500 produced a positive Read More