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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Ackman's Pershing Square Raises Stakes in Citi (C), Family Dollar (FDO), Cuts Stake in Kraft (KFT)
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Ackman's Pershing Square Raised Stake in Citi (C), JCPenney (JCP), Family Dollar (FDO), Cut Stake in Kraft (KFT), Sold Out of Corrections Corp. (CXW)
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Ackman's Pershing Square Exercises Options in JC Penney (JCP) Totaling 3.8M Shares
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Top 10 News Items 5/16-5/20: LinkedIn IPO Wows the Street; Barnes & Noble Receives $17/Share Offer from Malone's Liberty; HP Shares Tumble Amid Warning
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Ackman's Pershing Square Sells ADP (ADP), Target (TGT) and GM (GM)
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Ackman's Pershing Square Takes a Liking To the GM (GM) IPO, But Cuts ADP (ADP) and Kraft (KFT) Bets
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J.C. Penney (JCP) volatility low; shares rally on Ackman and Roth appointed to board
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Canaccord Genuity Morning Coffee on JC Penney (NYSE: JCP): Penney pinching
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Consolidation, Board Additions Send J.C. Pennery (JCP) Shares Higher
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Q3 Preview: Cash is Burning a Hole in JCPenney's (JCP) Pockets (KSS, M, SHLD)
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Ackman Holding Bullish Stance on US Consumers
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Ackman's Pershing Square Builds 11% Stake In Fortune Brands (FO)
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Bill Ackman Aggressively Accumulates J. C. Penney (JCP), Becomes Largest Holder
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Bill Ackman's Pershing Square files 13D on J.C. Penney (NYSE: JCP) shows 16.5% stake
