Member access

4-Traders Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Portrait de William Ackman
William Ackman
Birthday : 11/30/1965
Place of birth : New York - USA
Country of residence : USA
Linked companies : JC Penney - Pershing Square Capital - Canadian Pacific Railway Limited
Biography

William (Bill) Ackman is the founder and CEO of Pershing Square Capital Management, an American hedge fund that holds shares in Wendy’s International and McDonald’s Corporation. As well it has interest in Target Corp., the second largest discount company in US.

Graduated at Harvard College, he holds also an MBA from Harvard Business School. He began his career working for his father in the real estate, and in 1993 he founded Gotham Partners Management Co. This investment company encounters some troubles including legal problems that will lead to its dissolution in 2003.

In 2004, William Ackman comes back on the financial stage. He has created Pershing Square Capital, and he showed a lot of activism buying massive share in the lowest price for resale in two years maximum. A short-term strategy often criticized by the US Medias. His different attacks against FSA, American division of Dexia, and also against MBIA and Ambac, that it forecast the collapse, earned him a strong enmity in financial world.

In 2007, William Ackman took a share up to 5 millions of dollar (3,5%) in Sears Holdings, third group in distribution sector in US, behind Wal-Mart and Home Depot.

Pershing Square Capital Management manages approximately 2.4 billion of dollar of which 40% was invested in shares of McDonald.

Citations
"We think resources are not allocated efficiently today because this business is not independent. There is just no way to argue against transparency.”
Copyright © 4-traders.com / Photo © Maxppp
Latest news about William Ackman 
Ackman sticks with Herbalife short sale, promises new information in 2014
2013 - BOSTON (Reuters) - Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, activist hedge fund manager William Ackman wrote to his investors on Monday.
Herbalife's new audit, share rise deal fresh blow to Ackman
2013 - BOSTON (Reuters) - Herbalife Ltd on Monday said a new audit yielded no changes to its financial statements, sending its shares up by more than 9 percent and dealing a blow to hedge fund manager William Ackman, who is betting against the stock.
Ackman to renew attack on Herbalife at Robin Hood conference
2013 - BOSTON (Reuters) - Activist investor William Ackman will renew his attack on Herbalife at a conference on Friday, almost a year since he shocked Wall Street with a $1 billion short bet against the weight-loss company, a person familiar with his plan said.
Ackman's fund roars back in October, now up 8.5 percent for year
2013 - BOSTON (Reuters) - Hedge fund manager William Ackman's fund came roaring back in October and is now up 8.5 percent for the year, helping erase the memories of bruising losses only a few months ago.
Prev.5  6  7  8  9   10  11  12  13  14Next
Advertisement
Popular Business Leaders 
Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Steve Case Benjamin De Rothschild Barry Diller Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Peter Lynch Maurice Lévy Lakshmi Mittal Rupert Murdoch Jean-charles Naouri Xavier Niel Nelson Peltz Zong Qinghou Jim Rogers Johann Rupert Naguib Sawiris Carlos Slim George Soros Donald Trump
A-Z Business Leaders
Most Read News 
'Bond King' Bill Gross quits Pimco for Janus
4 days ago - NEW YORK (Reuters) - Bill Gross, the bond market's most renowned investor, quit Pimco for distant rival Janus Capital Grou...
SEC probes Pimco chief Bill Gross's ETF bond fund
6 days ago - (Reuters) - U.S. regulator the Securities and Exchange Commission is investigating whether bond fund manager Pimco inflate...
How Bill Gross became too hot for Pimco to handle
4 days ago - NEW YORK (Reuters) - Bill Gross' abrupt departure from Pimco, the giant bond firm that he co-founded more than four decade...
Oracle's Ellison took smaller pay package in fiscal 2014
7 days ago - (Reuters) - Oracle Corp's  (>> Oracle Corporation) Larry Ellison, who is stepping aside as chief exec...
First non-Murdoch paper to admit intrusive practice Alan Yentob, Sven-Goran Eriksson among claimants
6 days ago - The publisher of the Daily Mirror and Sunday Mirror is to pay compensation to 10 victims of phone hacking, including form...
More news
Dynamic quotes  
ON
| OFF