We’ve Just Witnessed The First True Masterpiece Of The Modern Hedge Fund Era

Business Insider – 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 he flipped through a 235-page slideshow about Herbalife.

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