Teva Pharmaceutical Industries Ltd., the world’s largest maker of generic drugs, posted the biggest weekly gain since 2008 as a surge in health-care industry deals spurred speculation the company may be acquired.
Herbalife Ltd., the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, posted a 10 percent rise in fourth-quarter profit and boosted its forecast as sales gained in China.
Soros Fund Management LLC, the family office of billionaire George Soros, boosted its stake in Teva Pharmaceutical Industries Ltd., making the Israeli drugmaker its largest holding in the fourth quarter.
George Soros’s Soros Fund Management LLC trimmed its stake in Herbalife Ltd. in the fourth quarter after the stock climbed by at least 60 percent from when the billionaire’s family office purchased the shares last year.
Ahmad Zuaiter, a former money manager for Soros Fund Management LLC, is starting a hedge-fund firm to invest in countries such as Argentina, Nigeria and Vietnam just as emerging markets are selling off.
Dubai shares climbed the most in two weeks, led by property developer Deyaar Development PJSC, after gains in emerging markets and better-than-expected corporate earnings boosted sentiment. Saudi Arabia’s gauge also rose.
Billionaire hedge fund manager John Paulson, who backed away from his bullish bet on gold last year, kept his holdings of the metal unchanged in the fourth quarter as prices capped the biggest annual drop since 1981.