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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Notable Mergers and Acquisitions of the Day 04/22: CTL/Q, BAC, SPG/GGP
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Simon Property Group (SPG) Announces Improved Terms for General Growth (GGP); Sends Letter to Company
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Notable Mergers and Acquisitions of the Day 04/14: C, SPG/BAM/GGP, DCAI, NVR
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Simon Property Group (SPG) Offers $2.5B Investment in General Growth (GGP) (BAM)
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Elliott Associates Shows 5.3% Stake In General Growth Properties (GGP)
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Notable Mergers and Acquisitions of the Day 03/17: PLCM, SPLS, SPG/GGP
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Simon Preparing Higher Bid for General Growth (GGP)
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Large General Growth Properties (GGP) Investors Seek to Invest $3.93B of New Equity Capital
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Simon Property (SPG) Launches $10 Billion Bid for General Growth Properties (GGWPQ), But GGP Shareholders Want More
