Pershing Square

Famed hedge fund manager Bill Ackman had his best trade of all-time earlier this year when he bet against the market, and he's  placing a similar bet again despite the market optimism surrounding the development of a COVID-19 vaccine. What Happened: Business Insider reports that Bill...

Billionaire investor Bill Ackman is sponsoring the largest special purpose acquisition company through his Pershing Square Holdings fund. The New SPAC: A SPAC is a blank check company with no operations that is created to raise capital through an initial public offering with the sole purpose of...

Tennis, intermittent fasting and a good night’s sleep keep Bill Ackman at his prime. “I work out pretty intensely,” the activist investor told Shane Parrish on The Knowledge Project. “I play tennis, which, in addition to a workout, it’s almost a form of meditation for...

A big part of being a successful money manager or any other type of manager is surrounding yourself with a capable team and delegating responsibility based on the individual strengths and weaknesses of the team members. Few of the world's billionaires would say they got there all by themselves...

President Donald Trump said this week that the U.S. government will back struggling airlines such as Delta Air Lines, Inc. (NYSE: DAL), United Airlines Holdings Inc (NASDAQ: UAL), American Airlines Group Inc (NASDAQ: AAL) and Southwest Airlines Co (NYSE: LUV) as they deal with COVID-19 related...

It was a difficult year for the hedge fund sector, as the industry is poised to end the year with more closures than launches for the fifth straight year, according to Bloomberg. Ackman A Winner In 2019 Total assets under control by hedge funds appear to have hit a plateau of near $3 trillion a few...

The bullish case for Automatic Data Processing (NASDAQ: ADP) can no longer be justified after the stock's notable outperformance versus the S&P 500 index over the past 18 months, according to Bank of America Merrill Lynch.  The Analyst Jason Kupferberg downgraded ADP from Buy to...

Pershing Square Holdings, the hedge fund controlled by billionaire Bill Ackman, reported strong performance in the first quarter of 2019. The fund’s net asset value per share increased 36.9 percent during the quarter and has jumped 38.4-percent year-to-date. Notable...

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season Investors who follow particular fund managers can easily look up what each was buying...

Pershing Square founder and CEO Bill Ackman updated the hedge fund's investors Monday after yet another difficult year. Despite a 20-percent gain for the S&P 500 in 2017, Pershing reported a net loss of 4 percent on the year. Pershing has struggled the past two years as well, reporting a 13...

Bill Ackman's Pershing Square hedge fund seems to be focused on future profits, according to a letter from the firm to shareholders sent earlier this month. The firm's third quarter gross returns were a negative 3.3 percent and the returns, net of all fees, were a negative 3.7 percent....

Bill Ackman’s massive $224 million bet on Chipotle Mexican Grill, Inc. (NYSE: CMG) may be down 33 percent in a little over a year, but Ackman’s most recent letter to Pershing Square investors assured them everything is going according to plan. Unfortunately for Ackman, the market doesn...

Bill Ackman is as bullish as ever on Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC), but the two stocks' trading action this year suggests the market isn’t convinced. Fannie Mae and Freddie Mac stocks are trading lower by roughly 30...