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.
-
Morning Movers 12/06: VRGY, CBRX, RDWR, BKS, GKK, BGP, CPD Higher; CSHB, RMKR, MCOX, CELG, DG Lower
-
Bill Ackman Offers To Finance a $16/Share Borders Group (BGP) Bid for Barnes & Noble (BKS)
-
Borders (BGP) One-Day Surge Not Convincing Enough - Barron's
-
Unusual 11 Mid-Day Movers 2/8: IIG, CFSG, PNX, HAS Higher; CTIC, SHIP, NVAX, NBG Lower
-
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
-
Borders Group (BGP) Sees Continued Interest On Positive Ackman Comments
-
Borders Group (BGP) Jumps After Ackman Said Co Has Better Risk/Reward Compared to Barnes & Noble
-
Ackman's Pershing Square Loads Up On Visa (V), Sells Dr Pepper (DPS) and Wendy's (WEN)
-
Pershing Square Sells Its Stake In Barnes & Noble (BKS)
-
Ackman's Pershing Square 13F; Shows New Stakes in Visa (V) and MasterCard (MA)
-
Bill Ackman Cashes In On Fannie, Freddie Short (FNM, FRE)
-
Borders (BGP) First-Round Bids Were Called For This Week-FT
-
Take A Page Out of Seth Klarman's Book and Buy Borders (BGP)
-
Borders (BGP) Announces Strategic Alternatives Process Still Ongoing
-
Reports Barnes & Noble (BKS) Exploring Bid for Borders (BGP)
-
Borders Group (BGP) Volatile As Company Weighs Options
