The Alpha Masters: Unlocking the Genius of the World's Top Hedge Funds (39 page)

“MBIA to Call on Congress to Rein in Ackman.”
New York Times Dealbook
, February 14, 2008.
http://dealbook.nytimes.com/2008/02/14/mbia-to-call-on-congress-to-rein-in-ackman/
.

“Managers Share Recommendations.”
Infovest21
, May 29, 2009.

“Pershing Square’s Track Record,”
Visualwebcaster.com
,
www.visualwebcaster.com/Pershing/57585/about.html
.

Ovide, Shira. “J.C. Penney to Shutter Stores, Taps Bill Ackman for Board,”
Wall Street Journal
, January 24, 2011.
http://dealbook.nytimes.com/2008/02/14/mbia-to-call-on-congress-to-rein-in-ackman/
.

Richard, Christine.
Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street’s Bluff
, New York: Bloomberg, 2010.

Roberts, Gwyn. “Dump Your Beta: Dalio Tells Industry at HFM US Awards.”
Hedge Fund Manager Week
, November 3, 2010,
www.hfmweek.com/news/600382/dump-your-beta-dalio-tells-industry-at-hfm-us-awards.thtml
.

“Sears Buys Stake in Canadian Unit from Ackman.”
New York Times Dealbook
, April 26, 2010,
http://dealbook.nytimes.com/2010/04/26/sears-buys-stake-in-canadian-unit-from-ackman/
.

Serres, Chris. “William Ackman: Targeting Target.”
Star Tribune
, January 13, 2008.

Stowell, David.
An Introduction to Investment Banks, Hedge Funds and Private Equity: The New Paradigm
. Academic Press, 2009.

Strom, Stephanie. “Fight for Rockefeller Center Joined by David Rockefeller,”
New York Times
, October 2, 1995.

“Target and Ackman: A Timeline,”
Star Tribune
, May 17, 2011.
www.startribune.com/business/121996464.html
.

Taub, Stephen. “Should Investors Applaud Ackman Appointment to J. C. Penney Board?”
Institutional Investor
, January 24, 2011,
www.institutionalinvestor.com/Popups/PrintArticle.aspx?ArticleID=2754996
.

“Timeline: A Short History of Borders Group Bookstores.”
Reuters
, February 16, 2011,
www.reuters.com/article/2011/02/16/us-borders-timeline-idUSTRE71F3AT20110216
.

Wahba, Phil. “Ackman Wins Seat on Penney Board, Turnaround Eyed.” Reuters, January 24, 2011.
www.reuters.com/article/2011/01/24/us-jcpenney-idUSTRE70N2PX20110124
.

Woodard, Richard. “Analysis: Ackman Now Welcome at JC Penney Table.” just-style, January 24, 2011.
www.just-style.com/analysis/ackman-now-welcome-at-jc-penney-table_id110100.aspx
.

Zuckerman, Gregory. “Pershing Square’s Ackman Eyes IPO to Raise New Fund.”
Wall Street Journal
, June 17, 2011.

Chapter 7: The Poison Pen: Daniel Loeb, Third Point

Interviews

Daniel Loeb, founder, Third Point, February 2012.

Daniel Loeb, founder, Third Point, October 2011.

Daniel Loeb, founder, Third Point, June 2011.

Daniel Loeb, founder, Third Point, April 2011.

Daniel Loeb, founder, Third Point, February 2011.

References

Behrman, Neil. “Disappointing Listing for Man’s MF Global NY and Third Point’s Asset Raising.”
Infovest21
, July 20, 2007.

Bostock, Roy, and Jerry Yang. Personal communication, September, 2011.

“Dan Loeb’s Third Point Q3 Letter to Investors.” Market Folly, December 21, 2010.
www.marketfolly.com/2010/12/dan-loebs-third-point-q3-letter-to.html
.

“Daniel Loeb,” cityfile New York.
http://cityfile.com/profiles/daniel-loeb
.

Delevingne, Lawrence. “An Obama Backlash?”
AR: Absolute Return-Alpha
, September 30, 2010.

Goodburn, Matthew. “Investment Trust Insider: Wall Street Rabble-Rouser Arrives in Tough UK Markets.” Citywire, October 29, 2007.
http://citywire.co.uk/new-model-adviser/investment-trust-insider-wall-street-rabble-rouser-arrives-in-tough-uk-markets/a288554
.

Gopinath, Deepak.“Hedge Fund Rabble-Rouser.” Bloomberg, October 2005.

Lisi, Clemente. “NYC Economic Downturn Will Be ‘Deep Protracted.’ ”
New York Post
, March 9, 2009.

McGrath, Ben. “The Angry Investor.”
New Yorker
, April 18, 2005.

Rusli, Evelyn, and Michael De La Merced, “Loeb Names Proposed Slate of Yahoo Directors.”
New York Times Dealbook
, February 14, 2012.
http://dealbook.nytimes.com/2012/02/14/loeb-names-proposed-slate-of-yahoo-directors/
.

“Sorkin: Why Wall Street Is Deserting Obama.”
New York Times Dealbook
, August 31, 2010,
http://dealbook.nytimes.com/2010/08/31/sorkin-why-wall-st-is-deserting-obama/
.

Wachtel, Katya. “Dan Loeb Is Sick of Writing Investor Letters/Letting Everyone Read Them.”
BusinessInsider.com
. February 9, 2011,
www.businessinsider.com/dan-loeb-is-sick-of-writing-investor-letters-2011-2
.

Yahoo!’s Board of Directors. Personal communication, December, 2011.

Chapter 8: The Cynical Sleuth: James Chanos, Kynikos Associates LP

Interview

Jim Chanos, CEO, Kynikos Associates, February 2011.

Jim Chanos, CEO, Kynikos Associates, April 2011.

References

Berber, Allesandro, and Marco Pagano. “Short-Selling Bans around the World: Evidence from the 2007–2009 Crisis.” CESF Working Paper, 2010,
http://ssrn.com/abstract=1502184
.

Berenson, Alex. “Tyco Shares Fall as Investors Show Concern on Accounting.”
New York Times
, January 16, 2002,
www.nytimes.com/2002/01/16/business/tyco-shares-fall-as-investors-show-concern-on-accounting.html
.

Burton, Katherine,
Hedge Hunters
. New York: Bloomberg Press, 2007.

Chanos, Jim. “Short-Lived Lessons–From an Enron Short.”
Wall Street Journal
, May 30, 2006.

Chanos, Jim. “The China Syndrome: Warning Signs Ahead for the Global Economy.” Presentation, St. Hilda’s College, Oxford, United Kingdom, January, 28, 2010,
www.chinacentre.ox.ac.uk/events/lectures/events/the_china_syndrome_warning_signs_ahead_for_the_global_economy
.

Friedland, Jonathan. “Enron’s CEO, Skilling, Quits Two Top Posts.”
Wall Street Journal
, August 15, 2001.

Gladwell, Malcom. “Open Secrets: Enron, intelligence, and the perils of too much information.”
New Yorker
, January 8, 2007,
www.newyorker.com/reporting/2007/01/08/070108fa_fact
.

Greenberg, Herb, and Lisa Munoz. “Does Tyco Play Accounting Games?”
Fortune
, April 1, 2002,
http://money.cnn.com/magazines/fortune/fortune_archive/2002/04/01/320643/index.htm
.

Hutton, Amy. “The Role of Sell-Side Analysts in the Enron Debacle.” Tuck School of Business Working Paper No. 03-17, May 2002,
http://ssrn.com/abstract=404020
.

“Jim Chanos Debunks the Myth of China as the World’s ‘White Knight,’” September 21, 2011,
http://advisoranalyst.com/glablog/2011/09/21/jim-chanos-debunks-the-myth-of-china-as-the-worlds-white-knight/#ixzz1ms9QtrRl
.

Lahart, Justin. “Tyco Silences Shorts with Breakup Plan.” The Street, January 22, 2001,
www.thestreet.com/story/10007178/1/tyco-silences-shorts-with-breakup-plan.html
.

Light, Larry.
Taming the Beast: Wall Street’s Imperfect Answers to Making Money
. New York: John Wiley & Sons, 2011.

Mahar, Maggie.
Bull!
New York: Harper Business, 2004.

Norris, Floyd. “Is a Looted Tyco Really Worth $36 Billion?”
New York Times
, September 13, 2002,
www.nytimes.com/2002/09/13/business/13NORR.html?pagewanted=all>
.

Rotbart, Dean. “Market Hardball: Aggressive Methods of Some Short-Sellers Stir Critics to Cry Foul.”
Wall Street Journal
, September 5, 1985.

Testimony of James Chanos. “Developments Relating to Enron Corp.,” House Committee on Energy and Commerce, February 6, 2002,
www.actwin.com/kalostrader/EnronTestimony.htm
.

Testimony of James Chanos, Chairman, Coalition of Private Investment Companies, before the U.S. Senate Banking, Housing, and Urban Affairs Committee Subcommittee on Securities, Insurance and Investment Hearing on Regulating Hedge Funds and other Private Investment Pools. July 15, 2009,
http://banking.senate.gov//files/15/61/f1561/public/index.cfm?FuseAction=Files.View&FileStore_id=bb23c9d2-0eec-4248-a236-1b6a0bc07390
.

Weil, Jonathan. “Energy Traders Cite Gains, but Some Math Is Missing.”
Wall Street Journal
“Texas Journal,” September 20, 2000.

Chapter 9: The Derivatives Pioneer: Boaz Weinstein, Saba Capital Management

Interviews

Boaz Weinstein, founder, Saba Capital, June 2011.

Boaz Weinstein, founder, Saba Capital, May 2011.

References

Agnew, Harriet. “Weinstein’s Saba Raises ‘Black Swan’ Fund.”
Financial News
, January 27, 2011.

“Boaz Weinstein,”
http://en.wikipedia.org/wiki/Boaz_Weinstein
.

Patterson, Scott. “Star Trader Who Lost Big to Quit Deutsche.”
Wall Street Journal
, January 10, 2009.

Patterson, Scott, and Serena Ng. “Deutsche Bank Fallen Trader Left Behind $1.8 Billion Hole.”
Wall Street Journal
, February 6, 2009.

Phillips, Matt, Jonathan Cheng, and Stephen Grocer. “Where Crisis Survivors Went; They Made Millions Before the Lehman Debacle Hit; Many Remain in Business.”
Wall Street Journal
, September 13, 2010.

Rose-Smith, Imogen. “The Future Face of Hedge Funds.”
Institutional Investor
, March 21, 2011.

Rothnie, David. “The Last Hurrah for Deutsche Bank CEO Josef Ackermann.”
Institutional Investor
, March, 2010.

Sender, Henry. “Canny Buyer in the Market for Debt.”
Financial Times
, August 1, 2008.

Sender, Henry. “Young Traders Thrive in the Stock/Bond Nexus.”
Wall Street Journal
, November 18, 2005.

Wendy’s. Form 13-F. First Quarter 2011.

Acknowledgments

There are so many incredible people who believed in my potential—and then this book—even before
I
did. First and foremost, I’d like to thank God for always picking me up when I am down and for lifting me higher than I could ever have dreamed to see myself. With strong conviction in my faith and beliefs, it’s a lot easier to keep things in perspective and remember who’s really calling the shots.

I’d like to thank my incredible parents, Herwinder and Sarbjit Ahuja, my wonderful older sister Amy (kidding), and my wise-beyond-his-years brother Partap. My life’s greatest blessing has been having such wonderful and supportive parents and siblings. Sant Ji, Arlene Ji, Melanie, and Darren—you guys are also my family and I am extremely grateful for all of your support.