hedge

Universal Music targeted in takeover bid by hedge fund Pershing Square

by

American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday that it had offered to buy Universal Music Group in a merger, saying it believed the world’s biggest music label was undervalued by stock markets. Pershing Square said its offer to Universal shareholders included 9.4 billion euros ($10.9 billion) in cash … Read more

Here’s what can happen to a retirement portfolio when stocks are volatile (and how to hedge against it)

by

When you’re no longer working, serious market swings can be genuinely dangerous to your finances.  Javier Ghersi/Getty Images The stock market has experienced significant ebbs and flows over the past year, with everything from tech innovations to new federal policies driving volatility, and there have been lots of wins and losses as a result. But … Read more