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American billionaire hedge fund manager
- William Albert Ackman (born May 11, 1966) is an American billionaire hedge fund manager who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company.
en.wikipedia.org/wiki/Bill_Ackman
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William Albert Ackman (born May 11, 1966) is an American billionaire hedge fund manager who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. [6]
Jan 13, 2024 · Who is Bill Ackman and why is he so mad? The aggrieved billionaire is gunning for Harvard, Business Insider, and anyone who talks about his wife.
- Whizy Kim
- 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 · Bill Ackman founded and runs Pershing Square Capital Management, a hedge fund with $15 billion in assets under management. Ackman created Pershing Square in 2004 and rose to fame for his...
- Founder, CEO
Mar 24, 2024 · In June 2017 — as he was reeling from the end of his marriage of more than two decades and some of the most disastrous investments of his career — Bill Ackman, the billionaire hedge-fund...
- Maureen Farrell
Sep 13, 2024 · Bill Ackman made his name as an activist investor and corporate raider. Now he’s discovering his political voice on X and backs Donald Trump for president.
Apr 16, 2024 · Pershing Square Capital Management Founder and CEO Bill Ackman has amassed over $4 billion in wealth by timing the markets correctly.