California Congressman Edward Royce is interested in how activist hedge fund manager Bill Ackman plies his trade. In June, press reports noted Royce planned on “grilling” Securities and Exchange Commission Corporation Finance Director Keith Higgins at a House Financial Services hearing on insider trading issues related to Ackman’s acquisition of Allergan, Inc. (NYSE:AGN) stock in advance of a publically announced deal to acquire the company. Today on Capital Hill Royce had his advertised opportunity, but the “grilling” that was promised at times appeared my like a picnic but nonetheless cleared the air on the issue to a degree. “I’m very…
SEC Discusses Hypothetical Ackman Allergan Deal In Congress
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.