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.
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Ackman's Pershing Square Raises Questions for MBIA (MBI) To Address On Call
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Ackman Submiting Data To SEC and NY Insurance Commission on Larger Bond Insurer Losses - CNBC
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Borders Group (BGP) Appoints Partner of Pershing Capital to Board
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Pershing Square's Ackman Said MBIA (MBI) May Run Out of Cash By The End of the Year
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Ackmans's Pershing Square Capital Boosts Stake in Borders Group (BGP) to 18%
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CNBC Faber Notes Letter To Clients From Ackman's Pershing Square on Target (TGT)
