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‘The problem Icahn has is that his system has been outed by Hindenburg Research’

Hedge Funds

Hedge Funds Correspondent

Hedge fund billionaire Bill Ackman says that he has no long or short position in Carl Icahn’s multibillion dollar Icahn Enterprises after a report by Hindenburg Research left the firm’s stock reeling.

“Just watching from a distance,” Ackman said after comparing Icahn Enterprises with failed investment firm Archegos Capital Management.

Bill Ackman says he’s ‘just watching from a distance’ amid Icahn Enterprises $9bn stock rout

Bilal Jafar

Icahn Enterprises

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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