Bill Ackman - Pershing Square
Bill Ackman is the Managing Member and General Partner of Pershing Square, L.P. Prior to forming Pershing Square, he cofounded Gotham Partners, L.P. in 1993, a public and private equity investment partnership. Mr. Ackman earned an MBA from the Harvard Business School.back
Articles
Hedge fund manager Ackman proposes plan to save Fannie, Freddie
Marketwatch.com – 07.15.08
Hedge fund manager Bill Ackman proposed a plan to save Fannie Mae and Freddie Mac on Tuesday that would wipe out investors who own the companies' common equity and preferred shares, while trying to protect U.S. taxpayers.
Dexia Suffers FSA Pain
Forbes.com – 07.22.08
When hedge fund manager Bill Ackman warned about troubles ahead for bond insurer Financial Services Assurance last month, its Belgian owner Dexia was quick to brush aside the concerns. Now it seems he has a point after all.
Bill Ackman Was Right: MBIA, Ambac on “Ratings Cliff”
Bloomberg.com – 07.18.08
Bill Ackman was right: the world's largest bond insurers aren't worthy of a AAA credit rating and may be headed for the bottom of the scale.
Bill Ackman Part II: Eight Easy Steps to Becoming a Short-Seller
WSJ.com – 06.12.08
So you want to be a short-seller (or an activist). Here are some lessons gleaned from Pershing Square Capital founder William Ackman at our Deals & Deal Makers conference Wednesday.
Borders, Pershing Square in revised financing deal
Reuters.com – 04.07.08
Borders Group Inc, which is considering selling itself, said on Monday it reached a revised financing agreement with its largest shareholder to allow for more time to implement new strategies, sending its shares up more than 12 percent.
Ackman weighs in with plan for bond insurers
FT.com – 02.21.08
William Ackman, a longtime and vocal critic of the bond insurers, has been unusually quiet in recent days, while regulators have been loudly calling for a radical shake-up of the industry. Now we know why: the hedge fund manager had been working on a proposal of his own.
Videos
Whale Watching: Bill Ackman
CNBC.com – 07.30.08
Wall Street whale Bill Ackman is known to patiently stalk his prey for years. Yes, beneath his smooth exterior and soft-spoken demeanor lies the heart of a killer. Should you trade in his wake? watch this video >
Ackman Unveils Fannie/Freddie Fix
CNBC.com – 07.15.08
Insight on the benefits of his plans will have for the U.S. financial system and markets, with William Ackman, Pershing Square Capital Management. watch this video >
Whistle Blowing
CNBC.com – 05.09.08
Activist investors face challenges convincing regulators to face the facts, with William Ackman, Pershing Square Capital Management and David Einhorn, Greenlight Capital Management. watch this video >