Tags: Bill Ackman, Hedge funds, Jim Chanos, Short sellers, Videos
Video: Jim Chanos adds his insights on short sellers to those of Bill Ackman
On April - 27 - 2010
Video: Excellent interview with Bill Ackman; He’s on team Goldman, and comes out in their defense
On April - 27 - 2010
Tags: Bill Ackman, Goldman Sachs, Hedge funds, Pershing Square, Videos
- SEC Sets Up Showdown With Cuomo Over BofA
- BofA Fired Top Lawyer to Retain Moynihan, SEC Says
- Rajaratnam Wins Fraud Trial Date After SEC Civil Case
- Ackman May Make $170 Million on ‘Grand Slam’ General Growth Bet
- LBO Debt Sinks as Stock Investors Reject IPOs: Credit Markets Read the rest of this entry »
Tags: Activists, Andrew Cuomo, Bank of America, Bill Ackman, Galleon, High yield debt, Insider Trading, LBOs, Raj Rajaratnam, SEC
- Lehman Sues Barclays Capital
- America’s Newest Land Baron: FDIC
- Geithner under fire over AIG payments
- Audit Is Critical of N.Y. Fed in AIG Bailout
- New York Fed under fire over crisis bank payments
- TARP Can’t Save Some Banks
- Millions may have to repay part of stimulus tax credit
- Buffett’s Berkshire Discloses Exxon, Nestle Stakes
- Microsoft Co-Founder Treated for Lymphoma Read the rest of this entry »
Tags: AIG, Barclays, Bernie Madoff, Bill Ackman, GMAC, Goldman Sachs, Hedge funds, Lehman Brothers, Paul Allen, TARP, Tim Geithner, Wachova, Warren Buffett
- BofA to face 12 angry taxpayers in trial: SEC
- Selling US short
- Citigroup’s Pandit Said to Receive Positive Review From Egon
- No longer a Vik-tim (Ed: Gotta love the Post’s headlines!)
- In Merrill’s Failed Plan, Lessons for Pay Czar
- JPMorgan, Goldman Profit Probably Rose as Citigroup Lost Again
- Frank’s Plan Criticized As Too Lax Read the rest of this entry »
Tags: Bank of America; SEC, Baupost, Bill Ackman, Citigroup, Compensation, Czars, David Einhorn, GM, Goldman Sachs, Greenlight Capital, Hedge funds, JP Morgan, Merrill Lynch, Pershing Square Capital, Pimco, Short selling, Vikram Pandit
Video: Bill Ackman makes his case for Target board seats ($TGT)
On May - 26 - 2009
Hedge Fund 13F Chart Study update: Pershing Square Capital
On March - 4 - 2009
Here’s the 13F Chart study for Bill Ackman’s Pershing Square Capital updated for Q4 2008 (priced as of 3/3/09). Read the rest of this entry »
Tags: 13F Charts, Activist Investing, Bill Ackman, Hedge funds, Pershing Square
- Ackman Tries to Mollify Target Fund Investors
- Barclays halts directors' bonuses as profits fall
- Going Dutch: Goldentree's Auction Option
- Management for Harvard Endowment to Cut 25% of Staff
- Hedge fund to set up intricate intelligence web
- Bleak times for the funds of hedge funds
Tags: Activist Investing, Barclays, Bill Ackman, Funds of Funds, GoldenTree Asset Management, Hedge funds
Charlie Rose: A conversation with Bill Ackman – “It’s the single best time in my career that I’ve seen to invest”
On November - 12 - 2008
Charlie Rose spoke to Pershing Square Capital's Bill Ackman on Nov 11 (last night). It's a great interview — he talks about the state of hedge funds, GM, credit default swaps, the rating agencies, the short selling ban, FNM/FRE, etc.
Tags: Activist Investing, Bill Ackman, Credit Crunch, Credit default swaps, Fannie Mae / Freddie Mac, GM, Hedge funds, Ratings
Bill Ackman: GM should do a prepackaged bankruptcy
On November - 11 - 2008
Pershing Square Capital's Bill Ackman has his own thoughts about General Motors, which he naturally wasn't shy about sharing. Let them do a prepack. We agree.
Tags: Activist Investing, Bill Ackman, GM, Hedge funds
Where have we been?
On October - 8 - 2008
We’ve gotten emails asking where we’ve been in the past couple of days since posting has been light. Yes, we’ve been AWOL. Given the choice to watch the market continue to crap out or to go to the Value Investing Conference to listen to the likes of Bill Ackman and Carl Icahn, we actually donned a suit and chose the latter. Mea culpa. 
It was an interesting conference indeed. A lot of glum faces, a lot of nervous jokes about the state of the market and comparisons to the crash in ‘87, just about universal complaining about the misguided short selling ban (at least among those we spoke to, although maybe that’s a function of the company we keep), but there was also a sense of optimism, that maybe all of the moves in the past week or so might actually start to take hold. And people are also talking about the many opportunities they’re seeing in stocks as well as the astronomically huge yields on some of the high yield bonds out there. After a two year period where we’ve been extremely bearish, we’re even starting to become a bit more optimistic. We don’t think that the market has bottomed yet, but we’re more likely to nibble.
Tags: Bill Ackman, Carl Icahn, Conferences, high yield bonds
Hedge Fund 13F Charts have been updated; Soros and Blue Ridge Capital were added
On June - 30 - 2008
We updated all of the 13F charts this weekend. In addition, Soros’ top 200 positions have been added, as well as Blue Ridge Capital.
The link is here.
Tags: 13F Charts, Appaloosa, Avenue Investments, Bill Ackman, Carl Icahn, Charts, Dan Loeb, Eton Park Capital, George Soros, Greenlight Capital, Harbinger, Jana Partners, John Burbank, MatlinPatterson, Metropolitan Capital, Och Ziff, Passport Capital, Paul Tudor Jones, Paulson & Co, Perry Capital, Philippe Jabre, SAC Capital
Hedge Fund 13F Chart Study additions: Avenue Capital, Eton Park Capital, Jabre Capital, Lone Pine Capital, Pershing Square Capital, Tudor Investment Corp
On June - 15 - 2008
We’ve added the following 13F chart studies:
- Marc Lasry’s Avenue Capital
- Eric Mindich’s Eton Park Capital
- Philippe Jabre’s Jabre Capital
- Stephen Mandel’s Lone Pine Capital
- Bill Ackman’s Pershing Square Capital
- Paul Tudor Jones’ Tudor Investment Corp
All of them can be found here.
In addition, all of the original chart studies were updated as of Friday’s close. They can also be found at the above link.
Tags: 13F Charts, Activist Investing, Appaloosa, Atticus, Bill Ackman, Carl Icahn, Eton Park Capital, Greenlight Capital, Harbinger, Hedge funds, John Burbank, Lone Pine Capital, MatlinPatterson, Metropolitan Capital, Och Ziff, Passport Capital, Paul Tudor Jones, Philippe Jabre, SAC Capital
More pearls of wisdom from the Ira Sohn conference
On May - 23 - 2008
On Wednesday the annual Ira Sohn conference was held, attended by Wall Street’s elite. Top hedge fund managers talked their books, offering up their favorite (and in some cases, not so favorite) stocks. Greenlight Capital’s David Einhorn offered up his favorite short idea, Lehman Brothers, and that trade is the focus of this morning’s Heard on the Street column that we mentioned earlier. Carl Icahn also spoke, dissing Barack Obama. Here are some of the other ideas that came out of the conference, as detailed by Reuters:
*Bill Ackman, Pershing Square Capital:
Wendy’s International, which has agreed to be bought by Nelson Peltz’s Triarc
Cos, the Arby’s restaurants owner. "We own all we can, a share less than
the poison pill," said Ackman.*Michael Price, MFP Investors: buy Allied
Irish Banks but don’t buy recent rights offerings by Citigroup or UBS. "Citi’s
perpetual preferreds have nowhere to go but down." Price also likes
Vornado Realty Trust, McGraw-Hill Cos and GenCorp Inc
*Bill Miller, Legg Mason Capital
Capital Management: buy AES Corp, Freddie Mac and Health Net, which he hopes
will merge with Aetna, which the fund also holds.
*Richard Pzena, Pzena Investment
Management: buy Citigroup Inc . "This is classic value. There is lots
of stress. When we come out of this, the upside is huge."
FACTBOX: Stock picks from Sohn Investment conference – Reuters
Tags: Bill Ackman, Bill Miller, Hedge funds, Michael Price
MBIA takes a round against Bill Ackman as Warburg Pincus injects it with cash
On December - 10 - 2007
Maybe they’re pissing good money after bad, but Warburg Pincus is injecting $1 billion of capital into MBIA. That kind of news has to give activist investor Bill Ackman at least a bit of indigestion after his very public bet that the company would implode and that he’d make a bundle for charity.
Tags: Bill Ackman
Uncategorized
MBIA tanks after Moody’s disses it; head short selling cheerleader Bill Ackman must be doing cartwheels
On December - 5 - 2007
MBIA’s chief cheerleading short seller Bill Ackman of Pershing Square Capital had a great day today thanks to nasty words out of Moody’s. It was only last week at the Value Investing Congress presentations that the activist investor publicly proclaimed MBIA a major short and implosion candidate — he said that his cut of any profits would go to charity. Today’s news brought him closer to making his charities a lot more flush. MBIA closed down $5.21 at $27.42. OUCH:
MBIA Inc. fell the most in more than 20
years in New York trading after Moody’s Investors Service said the biggest bond
insurer is “somewhat likely” to face a shortage of capital that threatens its
AAA credit rating.A review of MBIA and six other AAA rated guarantors will be completed within two
weeks, Moody’s said in a statement today. Moody’s revised its assessment from
last month that MBIA was unlikely to need more capital after additional scrutiny
of the Armonk, New York-based bond insurer’s mortgage-backed securities
portfolio.“The guarantor is at greater risk of exhibiting a capital shortfall than
previously communicated,” New York-based Moody’s said. “We now consider this
somewhat likely.”
Tags: Bill Ackman, Charts, Credit Crunch, Hedge funds, Philanthropy
Winnings from Bill Ackman grudge match against the bond insurers will go to charity
On November - 28 - 2007
Bring on the ring girls! In what’s now become a hugely public grudge fight, Pershing Square’s activist hedge fund manager Bill Ackman has upped the ante against the bond insurers, which he’s been shorting since 2002. Today at the Value Investing Congress he made the challenge that bond insurers MBIA and Ambac Financial would implode as soon as next year and if they do, he’ll donate the hundreds of millions in fees that he knows he’ll reap to charity.
Ackman said he personally stands to gain
about $500 million if MBIA’s holding company failed and that amount would be
donated to charity. The fund itself stands to make “multiple billions of
dollars” if the holding companies of MBIA and Ambac were to fail, he said.“The hedge fund business is profitable.
I’ve made more than I need,” Ackman said. “I also think it’s the right thing
to do.”
Tags: Activist Investing, Bill Ackman, Credit Crunch, Hedge funds, Philanthropy
Pershing Square’s Bill Ackman picks his next target: Target
On July - 13 - 2007
Uncategorized
Appaloosa accountant beats Einhorn, Ackman and — his boss — at charity poker event that raised more than $400,000
On June - 15 - 2007
And now he gets to play in next month’s World Series of Poker in Las Vegas:
Peter Dougherty, 33, an accountant at
Chatham, New Jersey- based hedge-fund firm Appaloosa Management LP, took first
prize in the No Limit Texas Hold ‘Em competition Tuesday at the W Hotel in
Midtown. The event, which lasted until almost 1 a.m. yesterday, was the Big Deal
tournament benefiting Washington, D.C.-based Hillel: The Foundation for Jewish
Campus Life.Dougherty won a trip to next month’s World
Series of Poker in Las Vegas, where Einhorn also will compete after paying his
own way. Einhorn, 38, founder of Greenlight Capital LLC, placed 18th among more
than 8,700 contestants last year. He and Ackman, 41, founder of Pershing Square
Capital Management LP, didn’t make the top 10 at the Big Deal, and rankings for
all 180 players weren’t tabulated.
Tags: Appaloosa, Atticus, Bill Ackman, Dave Tepper, Greenlight Capital, Hedge funds, Poker
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Tags: Activist Investing, Bill Ackman, Eddie Lampert, Enron, Hedge funds
Bill Ackman set to shake up big brand name $30-40 billion company with a new $2 billion single purpose activist hedge fund
On June - 5 - 2007
According to the New York Post, activist investor Bill Ackman of Pershing Square is set to rattle his saber at a single yet undisclosed $30 to $40 billion brand name American company. He’s raised $2 billion in a new single purpose fund that closed last Friday. One potential investor mentioned Starwood, Marriott, Anheuser-Busch and Kraft as potential targets.
Tags: Activist Investing, Bill Ackman, Hedge funds
