William Ackman
Bill Ackman runs hedge fund Pershing Square Capital, which he started in 2003 following the dissolution of Gotham Partners.
Ackman is a value investor with an activist bent. Activist investors agitate management for changes. He owns large positions in Target (NYSE: TGT) and Borders (NYSE: BGP). He has also been involved in activist situations at Wendy's (NYSE: WEN) and McDonald's (NYSE: MCD).
Ackman proved his acumen as a short seller in 2007/2008 as short positions he held in MBIA (NYSE: MBI) and Ambac (NYSE: ABK) proved to be big winners due to the credit crunch.
In July 2008, Ackman said he was short the common stock of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Ackman also laid out a plan to reorganize the GSEs, which would wipe out the common shareholders.
View Older Stories View More Recent Stories
-
Best Trade Ever - Ackman Scores Big on Longs Drug Stores (LDG)
-
Ackman's Pershing Square Builds 8.8% Stake in Longs Drug Stores (LDG)
-
Bill Ackman Said He Is Short Fannie and Freddie, Introduces Plan to Reorganize The GSEs (FNM, FRE)
-
Borders (BGP) First-Round Bids Were Called For This Week-FT
-
Take A Page Out of Seth Klarman's Book and Buy Borders (BGP)
-
Borders (BGP) Announces Strategic Alternatives Process Still Ongoing
-
Reports Barnes & Noble (BKS) Exploring Bid for Borders (BGP)
-
Borders Group (BGP) Closes Pershing Square Financing Agreement
-
Catenacci/Principled Asset Boosts Stake in Border Group (BGP) to 5.73%
-
Borders (BGP) Finalizes Funding Deal with Pershing Square On Improved Terms
-
Borders Group (BGP) Volatile As Company Weighs Options
-
Unusual 11 Mid-Day Movers 3/20: CCOW, NRGN, DITC, MFA Higher; EPIX, CIT, BGP, TMA Lower
-
Pre-Open Movers: Winnebago (WGO) Sinks On Poor Results, Borders (BGP) Up On Earnings/Strategic Review
-
Borders (BGP) Gets Much Needed Funding From Ackman's Pershing Square
-
Borders Group (BGP) Tops Q4 EPS by 2c; To Review Strategic Alternatives
-
Borders Group (BGP) Ceased Negations With A&R Whitcoulls Regarding Australia/New Zealand Businesses
-
MBIA (MBI) To Separate Public and Structured Finance Business
-
MBIA (MBI) Releases Letter Sent to NY Insurance Department on Ackman Plan
-
MBIA (MBI) Said Ackman's Split Proposal Is Not Credible
-
Pershing Square's Bill Ackman Increases His Stake In Sears Holdings (SHLD)
-
Ackman's Pershing Square Raises Questions for MBIA (MBI) To Address On Call
-
Ackman Submiting Data To SEC and NY Insurance Commission on Larger Bond Insurer Losses - CNBC
-
Borders Group (BGP) Appoints Partner of Pershing Capital to Board
-
Pershing Square's Ackman Said MBIA (MBI) May Run Out of Cash By The End of the Year
-
Ackmans's Pershing Square Capital Boosts Stake in Borders Group (BGP) to 18%
-
CNBC Faber Notes Letter To Clients From Ackman's Pershing Square on Target (TGT)

