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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.
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Bill Ackman. 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
4 days ago · Bill Ackman founded and runs Pershing Square Capital Management, a hedge fund with $16 billion in assets under management. Ackman created Pershing Square in 2004 and rose to fame for his...
- Founder, CEO
- 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...
The Life And Career Of Bill Ackman - The Hedge Fund Manager Everyone's Picking On These Days. The 47-year-old activist investor was raised in an affluent Jewish family in Westchester County, New...
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...
Apr 16, 2024 · Bill Ackman is the founder and CEO of Pershing Square Capital, a successful hedge fund that beat the market in 2023. He is known for his bold investments, his feud with Elliott Investment Management, and his admiration for JPMorgan CEO Jamie Dimon.
