Ackman tries a new tack

The world knows William Ackman as one of several big-name fund managers who bet against top financial institutions. He's got some new long investments now, notably Wachovia and AIG, reports TheDeal.com. He discussed both in a recent conference. He's now the 12th largest shareholder of AIG. And he owns a 7 percent stake in Wachovia. We'll see how these bets end up for him. All in all, he's not having that bad a year. Other hedge fund managers who took big stakes against financial services firms are faring much worse, notably David Einhorn at Greenlight Capital. Ackman's Pershing Square is actually up 2 percent for the year. Here's a list of top hedge funds and their performance this year.  

For more:
- here's an article from TheDeal.com on Ackman

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