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In the week ending May 05th 2023, legendary activist investor Carl Icahn has been accused of using a "ponzi-like" structure to mask the reality of years of terrible performance and overvaluation of its holdings - the charges came in a new report from Nate Anderson's Hindenburg Research. Carl's wealth plunged $10 billion on the short-seller report.
Meanwhile, Bill Ackman said that there's a "karmic quality" to Hindenburg Research's attack on his old rival Carl Icahn. The two activist investors feuded over a decade ago when Ackman made a $1 billion bet against Herbalife.
In performance news, London-based Nickel Digital Asset Management, European digital assets hedge fund manager, has delivered a strong performance in its multimanager Diversified Alpha Fund; Hedge fund manager Pierre Andurand's Commodities Discretionary Enhanced Fund ended March down 15% and 34% lower for the year so far, eliminating over half of the fund's 2022 gains; Citadel keeps climbing, Point72 is close behind, and their top competitors are all in the black a third of the way through the year - Point72 had the best month among multi-strategy hedge funds, up 1.58% in April and 4.63% for the year.
In the meantime, Bill Ackman's Pershing Square Holdings was virtually flat in April, rising only 0.6 percent. The p...................... To view our full article Click here
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