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Ackman was raised in Chappaqua, New York, the son of Ronnie I. (née Posner) and Lawrence David Ackman, the former chairman of a New York real estate financing firm, Ackman-Ziff Real Estate Group. [15][16][17] He is of Ashkenazi Jewish descent. [18][19][20]
The 47-year-old activist investor was raised in an affluent Jewish family in Westchester County, New York. He attended Harvard for both undergrad and business school. Ackman graduated magna...
Oct 25, 2024 · Timeline (so far): 1966 - Bill Ackman is born. 1992 - Bill earns his MBA from Harvard. 1993 - Bill sets up his first fund Gotham Partners with $3 million from various investors. 1995 - Bill makes headlines when he enters the bid for the iconic Rockefeller Center. 1998 - Gotham Partners grows rapidly, amassing $500 million in asset under management. 2000s - Bill finds themselves in deep trouble ...
- The Rise of Pershing Square Capital Management
- MBIA
- Pandemic Profits
- Pershing Capital Raise
In 2004, Ackman launched a new fund, Pershing Square Capital Management. Pershing launched with $54 million, funded by Ackman personally and holding company Leucadia National. Today, Pershing's assets under management exceed $15 billion.
Ackman's first big win for Pershing was a position he opened with Gotham Partners. In 2002, Gotham bet on the failure of municipal bondinsurer MBIA with a leveraged short position and credit default swaps (CDS). Gotham also published a report arguing that MBIA did not deserve its AAA credit rating -- which prompted the SEC probe mentioned above. Ac...
Those deals paled in comparison to Ackman's legendary coronavirus win. In early 2020, he invested $27 million in credit default swaps (CDS) -- a massive bet that the debt markets would falter as the COVID-19 pandemic took hold. He was right. A few weeks later, Ackman liquidated the CDS portfolio for $2.6 billion.
In 2024, Ackman sold 10% of Pershing Square for $1.05 billion to an investor group that included asset management firm Iconiq Capital, Israeli insurance company Menora Mivtachim, and investment bank BTG Pactual. About half of the funding will be funneled into a new U.S. investment portfolio that Ackman intends to list on the NYSE in 2025 or 2026. A...
3 days ago · Ackman created Pershing Square in 2004 and rose to fame for his short of bond insurer MBIA and his rescue of mall operator General Growth Properties. Pershing Square's stock portfolio is...
- Founder, CEO
Dec 10, 2022 · Hugh Jackman grew up in Sydney, Australia, the youngest of five children. His mother abandoned the family when Hugh was just eight years old. "It was traumatic," Jackman told Who magazine in...
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Jul 23, 2024 · He is best known for his role as the founder and CEO of Pershing Square Capital Management, a hedge fund with over $20 billion in assets under management. Ackman has been a successful investor for over two decades, having earned a reputation as a top stock picker and a master of value investing.
