William Ackman
Bill Ackman runs hedge fund Pershing Square Capital, which he started in 2003 following the dissolution of Gotham Partners.
Ackman is a value investor with an activist bent. Activist investors agitate management for changes. He owns large positions in Target (NYSE: TGT) and Borders (NYSE: BGP). He has also been involved in activist situations at Wendy's (NYSE: WEN) and McDonald's (NYSE: MCD).
Ackman proved his acumen as a short seller in 2007/2008 as short positions he held in MBIA (NYSE: MBI) and Ambac (NYSE: ABK) proved to be big winners due to the credit crunch.
In July 2008, Ackman said he was short the common stock of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Ackman also laid out a plan to reorganize the GSEs, which would wipe out the common shareholders.
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Unusual 11 Mid-Day Movers 12/06: VRGY, BGP, SHZ, CBRX, RDWR, PPO Higher; PTN, CYDE, LTXC, RMKR, MCOX Lower
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Morning Movers 12/06: VRGY, CBRX, RDWR, BKS, GKK, BGP, CPD Higher; CSHB, RMKR, MCOX, CELG, DG Lower
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Bill Ackman Offers To Finance a $16/Share Borders Group (BGP) Bid for Barnes & Noble (BKS)
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Ackman's Pershing Square Shows New Stake in ADP, Confirms Citigroup (C) Stake
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Ira Sohn Investment Conference Started
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Ackman's Pershing Square Loads Up On More Yum Brands (YUM) Brands, Discloses His Kraft (KFT) Position
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Borders (BGP) One-Day Surge Not Convincing Enough - Barron's
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Borders Group (BGP) Enters $700M Revolving Credit Facility, $90M Term Loan
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Bill Ackman's Pershing Square Q4 13F Breakdown: Takes Some Profit in Target, Adds Positions in Hyatt, Landry's
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Unusual 11 Mid-Day Movers 2/8: IIG, CFSG, PNX, HAS Higher; CTIC, SHIP, NVAX, NBG Lower
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Top 10 News Items 2/1-2/5: 9.7% Unemployment Rate Surprises the Market, Dow Breaks 10,000, But Recovers, Troubles at Toyota Continue
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Borders Group (BGP) Sees Continued Interest On Positive Ackman Comments
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Borders Group (BGP) Jumps After Ackman Said Co Has Better Risk/Reward Compared to Barnes & Noble
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Borders (BGP) Continues Its Run
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Borders Group (BGP) Announces 1-yr Extension on Pershing Square Loan
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Ackman's Pershing Square Loads Up On Visa (V), Sells Dr Pepper (DPS) and Wendy's (WEN)
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Borders Group (BGP) and Pershing Square Further Extend Financing Agreement
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Borders Group (BGP) Names Pershing's McGuire as Chairman
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Pershing Square Sells Its Stake In Barnes & Noble (BKS)
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Unusual 11 Mid-Day Movers 11/26: EMKR, CHRS, SCMF, GM Higher; LFG, BGP, BCE, ANDE Lower
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Morning Movers 11/26: BCE (BCE) Lower After Buyout Hits Snag, Deere (DE) Lower on Cautions Outlook
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Borders Group (BGP) Misses Q3 View By 4c
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Ackman's Pershing Square 13F; Shows New Stakes in Visa (V) and MasterCard (MA)
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Bill Ackman Thinks The Fannie Mae (FNM)-Freddie Mac (FRE) Bailout Will Have To Be Redone
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Bill Ackman Cashes In On Fannie, Freddie Short (FNM, FRE)
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Borders (BGP) First-Round Bids Were Called For This Week-FT
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Take A Page Out of Seth Klarman's Book and Buy Borders (BGP)
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Borders (BGP) Announces Strategic Alternatives Process Still Ongoing
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Reports Barnes & Noble (BKS) Exploring Bid for Borders (BGP)
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Borders Group (BGP) Closes Pershing Square Financing Agreement
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Catenacci/Principled Asset Boosts Stake in Border Group (BGP) to 5.73%
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Borders (BGP) Finalizes Funding Deal with Pershing Square On Improved Terms
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Borders Group (BGP) Volatile As Company Weighs Options
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Unusual 11 Mid-Day Movers 3/20: CCOW, NRGN, DITC, MFA Higher; EPIX, CIT, BGP, TMA Lower
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Pre-Open Movers: Winnebago (WGO) Sinks On Poor Results, Borders (BGP) Up On Earnings/Strategic Review
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Borders (BGP) Gets Much Needed Funding From Ackman's Pershing Square
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Borders Group (BGP) Tops Q4 EPS by 2c; To Review Strategic Alternatives
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Borders Group (BGP) Ceased Negations With A&R Whitcoulls Regarding Australia/New Zealand Businesses
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Borders Group (BGP) Appoints Partner of Pershing Capital to Board
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Ackmans's Pershing Square Capital Boosts Stake in Borders Group (BGP) to 18%
