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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Fairholme, Pershing Square Could Jointly Invest $3.93B in General Growth Properties (GGP)
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General Growth (GGP) Sees Upside Action
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Ackman's Pershing Square Loads Up On Visa (V), Sells Dr Pepper (DPS) and Wendy's (WEN)
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Pershing Square Increases Its Stake In General Growth Properties (GGP)
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Ackman's Pershing Square Takes Large Stake in Embattled REIT General Growth Properties (GGP)
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Ackman's Pershing Square Shows New 7.5% Stake in General Growth Properties (GGP)
