11/30/1965Place of birth :
New York - USACountry of residence :
USALinked companies :
JC Penney - Pershing Square Capital - Canadian Pacific Railway Limited
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.
"We think resources are not allocated efficiently today because this business is not independent. There is just no way to argue against transparency.”
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|Latest news about William Ackman|| |
|Billionaire Ackman trims CP railway stake, adding to fund's cash pile|
|2013 - BOSTON/TORONTO (Reuters) - Billionaire investor William Ackman announced on Thursday that he sold 6 million shares in Canadian Pacific Railway Ltd (>> Canadian Pacific Railway Limited) after a huge run-up in the stock, adding a large pile of cash to his $11 billion hedge fund....
|Ackman Trims Risk on Herbalife Bet|
Activist hedge-fund manager William Ackman has restructured his big bet against Herbalife Ltd. to protect against further paper losses, he told investors in a letter on Wednesday.
Mr. Ackman said he wanted to mitigate his firm's risks while still provi
|Air Products feels the heat from Ackman's Pershing Square|
|2013 - NEW YORK (Reuters) - In June 2011, Air Products and Chemicals Inc (>> Air Products & Chemicals, Inc.) Chief Executive John McGlade unveiled an ambitious plan to achieve $15 billion in annual sales by 2015, with a 20 percent operating margin....
|Ackman's fund flat after August losses - sources|
|2013 - BOSTON (Reuters) - William Ackman's Pershing Square Capital Management is largely flat for the year after a bruising August in which the hedge fund lost 3.6 percent, said two investor sources who are not permitted to discuss the private fund's numbers publicly.