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William Ackman
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Latest Headlines
Bill Ackman vs. Target, a bruising round to come
Who will land the knockout blow in this widely watched battle? Recall William Ackman was so enamored of Target a few years ago that he set up a single stock hedge fund to build a near 10 percent stake in the company. As Target's stock swooned, it took down Ackman's investment (as of February it's
Activist hedge fund managers continue to suffer?
"The Bloom" has been off the big-name activist investors for a while now. William Ackman at least is owning up to his failures. "I apologize profusely for the fund's results to date," he said in an investor letter dated Feb. 8, obtained by Bloomberg . Ackman was referring specifically to his fu
William Ackman not giving up on Target
Activist investor William Ackman has a lot on the line with his investment in Target. The head of Pershing Square Capital Management was once one of the brightest activist hedge fund stars, but the credit crunch has not been kind to him. Pershing Square IV, launched early last year with $2 billion
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
Winners and losers in the Fannie, Freddie mess
The news of the federal takeover of Fannie Mae and Freddie Mac spells really bad news for value investors--notably Bill Miller, who just couldn't believe that a beaten down stock wouldn't bounce back. He never learned his lessons, averaging in as financial stocks plummeted. Last week, when Freddie
William Ackman's bet against MBIA: A winning move?
One of the most publicized of the bond insurance bears was William Ackman of Pershing Square Capital Management, who pressed his case in part with presentations given over the Internet. He received lots of press, and by some measures seems to be winning, especially when it comes to MBIA (which rep
