Saturday, 26 March 2016

Alt Investment: "How to Buy Bill Ackman, Dan Loeb on the Cheap"

I wouldn't touch the former, a little voice keeps saying Ackman is nothing more than fortuitous leveraged beta with a sidecar of front-running but it's an interesting way of looking at things. Having said that out in public, it'll probably double.
As to Loeb, maybe.
From Barron's:

Closed-end funds run by these hedge fund pros trade at a discount to net asset value.


Few prominent investors have

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