Markets

Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market

Hedge fund billionaire Bill Ackman turned a $US27 million position into a $US2.6 billion windfall as the coronavirus dragged stocks to multiyear lows and threatened deep economic recession. Pershing Square Capital Management turned to credit protection on investment-grade and high-yield bond indexes to bet on an increased risk of corporate […]
Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market
Markets

Billionaire Bill Ackman urges Trump to issue a 30-day ‘spring break’ shutdown to quell coronavirus’s economic impact

A 30-day “extended Spring Break” shutdown is “the only answer” for saving the economy from a significant coronavirus-driven slowdown, hedge fund founder Bill Ackman tweetedWednesday. The government should keep only essential services open and pay wages during the period, he added. The “exponential compounding” of virus cases stands to threaten […]
Billionaire Bill Ackman urges Trump to issue a 30-day ‘spring break’ shutdown to quell coronavirus’s economic impact
Markets

Billionaire Bill Ackman’s hedge fund delivered 58% returns in 2019 after making a big investment in Warren Buffett’s Berkshire Hathaway

Pershing Square Holdings, the activist hedge fund run by billionaire Bill Ackman, returned 58.1% in 2019, the fund said in December. It’s the first net positive annual performance for Ackman’s fund in three years. Ackman increased his position in Warren Buffett’s Berkshire Hathaway this year, according to SEC filings. In […]
Billionaire Bill Ackman’s hedge fund delivered 58% returns in 2019 after making a big investment in Warren Buffett’s Berkshire Hathaway
Markets

BILL ACKMAN: We Haven’t Broken Even On Herbalife, But We’re On Our Way

Hedge fund manager Bill Ackman, who runs Pershing Square Capital Management, spoke about his massive wager against Herbalife at the annual Harbor Investment Conference. “The last time I gave a presentation in this room it was 340-slides,” he joked referring to the 2012 special Sohn Conference where he publicly declared […]
BILL ACKMAN: We Haven’t Broken Even On Herbalife, But We’re On Our Way
Markets

Here’s Bill Ackman’s Massive New Presentation On Why Herbalife Is Doomed

Hedge fund manager Bill Ackman, who runs Pershing Square, gave another massive slide-presentation attacking Herbalife. Late last year, Ackman gave a 342-slide presentation on why he thinks nutritional supplement seller will go to $0. Ackman believes Herbalife is a “pyramid scheme” that targets lower income people, particularly from the Hispanic […]
Here’s Bill Ackman’s Massive New Presentation On Why Herbalife Is Doomed
Markets

Bill Ackman Says He Knows What Will Save America

Last night embattled hedge fund manager Bill Ackman was on “Charlie Rose: The Week” explaining everything from Herbalife to JCPenney to Dan Loeb. If you missed it, the whole thing will air tonight at 8:00 pm on Bloomberg. “JCPanic” and the Herbalife hedge fund titan war aside, we learned a […]
Bill Ackman Says He Knows What Will Save America
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