Bookmarks (3) clear filters

Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's $1 billion Berkshire stake in a conference call on Wednesday. Pershing sold Berkshire in the last few weeks to free up cash so it can capitalize if prices fall again, Ackman said on the call. The move is surprising as Ackman boosted...

Billionaire investors including Warren Buffett and George Soros made striking changes to their portfolios last quarter. David Einhorn's Greenlight Capital took a stake in Disney, Dan Loeb's Third Point tripled its Amazon holdings, and Seth Klarman's Baupost Group backed Google and Facebook. We picked out some of the most noteworthy trades in the period. Visit Business Insider's homepage for more stories. Warren Buffett, George...

Hedge fund managers including Ray Dalio and Adam Levinson suffered record losses in March as the novel coronavirus hammered their portfolios. Around 75% of hedge funds posted losses last month, including nine in 10 credit funds, Bloomberg estimated based on preliminary data. Dalio's Bridgewater Associates lost 16% in its flagship fund, Levinson's Graticule Asset Management recorded a 9% drop in its macro fund, and...