HERE IT IS: Bill Ackman's Presentation On His New favourite Investment

Yesterday Pershing Square Capital Management’s Bill Ackman announced his long bet on the Hong Kong Dollar, predicting that Hong Kong’s central bank will decide to relinquish the paper’s peg to the USD in favour of the yuan.

Essentially, his reasoning is that he thinks the bank’s best bet to stem inflation — which accelerated to 7.9% in July — is to allow the HKD to appreciate. In his mind, this will happen by 2015.

Some are saying this is the perfect bet, while others are arguing that Ackman is simply misguided.

Check out the full presentation (via Also sprach Analyst) he gave at CNBC’s Delivering Alpha conference yesterday and decide for yourself.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.