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Acacia Research Taps Starboard SPAC Executive As M&A Chief

Acquisition platform Acacia Research Corp, backed by activist fund Starboard Value and a recent bidder for retailer Kohl's Corp, appointed one of the hedge fund's senior executives on Tuesday to oversee all aspects of its takeover business.
People are seen at a booth of Vanguard Group at a fair during the INCLUSION fintech conference in Shanghai, China September 24, 2020.

Mutual Fund Manager Vanguard Works To Further Cut Russia Exposure

Vanguard Group on Monday said it has moved swiftly to implement international sanctions imposed against Russian banks, entities and individuals in the wake of Moscow's invasion of Ukraine, and is working to further reduce its exposure to Russia and exit positions across its index funds.
William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York, May 4, 2015.

Ackman's Pershing Square Takes New Stake In Canadian Pacific

Billionaire investor William Ackman has built a new stake in railroad operator Canadian Pacific, returning to one of his most profitable investments as rail firms eye a boost from the drive to cut carbon emissions and as manufacturing is brought back to the United States and Mexico from abroad.

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