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May 24, 2022

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Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Reuters
April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing......

Britishvolt kicks off funding round with $54 mln from Glencore

Reuters
Peter Rolton, executive chairman of electric vehicle battery startup Britishvolt, shows a billboard at the site of the company’s large planned battery plant, in the former industrial town of Blyth, Britain January 27, 2022. REUTERS/Nick Carey Register now for FREE unlimited access to Reuters.com Register LONDON, Feb 15 (Reuters) –......

Hedge funds put in mixed performance in January

Reuters
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register TORONTO, Feb 2 (Reuters) – Hedge funds ended a volatile January with widely diverging returns after......

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