We've Just Witnessed The First True Masterpiece Of The Modern Era Of Hedge Funds (DRI)

We're living in a golden age for a certain kind of very-public investing strategy, where big-name hedge funders get up on stage, or produce PowerPoint presentations laying out their investment thesis on a given company. Bill Ackman is probably best known for this strategy. The activist investor has been leading a multi-year fight to show that Herbalife -- a maker and distributor of diet drinks -- is an illegal pyramid scheme that should be shut down. In July, Ackman hosted a special event where ...