Valeant Heading for Default

Valeant Heading for Default

Valeant Pharmaceuticals International Inc.’s shares dropped 50% today after the company announced it will delay filing its annual report. The delay puts Valeant in danger of defaulting on its $30 billion debt. Bill Ackman, whose Pershing Square Capital Management owns...
Hedge Fund Billionaires Gather for ISS Panel

Hedge Fund Billionaires Gather for ISS Panel

It’s no secret that businesspeople working in high-stakes finance positions and hedge funds have to be somewhat cut-throat to get ahead. Dan Loeb, Bill Ackman, and Carl Icahn are some of the most successful American businessmen working in hedge funds today, and they...
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