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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Pershing Square's Bill Ackman Finishes His Target (TGT) Spin Off Speech
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Ackman Said It Would Be Difficult For Sears Holdings (SHLD) To Do This Type Of Deal
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Comments from Pershing Square's Bill Ackman On Target (TGT)
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Comments from Pershing Square's Bill Ackman On Target (TGT)
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Comments from Pershing Square's Bill Ackman On Target (TGT)
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Pershing Square's Bill Ackman Is Currently Speaking About Target (TGT)
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Retail Stocks Move Higher on Ackman/Target (TGT) News
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Target (TGT) Confirms It Is Reviewing Real Estate Structure Ideas from Pershing Square
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Ackman's Pershing Square To Host Public Presentation on Target (TGT) on 10/29
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Bill Ackman Cashes In On Fannie, Freddie Short (FNM, FRE)
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CNBC Faber Notes Letter To Clients From Ackman's Pershing Square on Target (TGT)
