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'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.
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
2013 - 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....
Prev.8  9  10  11  12   13  14  15  16  17Next
Advertisement
Popular Business Leaders 
Sheldon Adelson Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Marc De Lacharrière Benjamin De Rothschild Jean-baptiste Descroix-vernier Barry Diller Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Arnaud Lagardère Peter Lynch Lakshmi Mittal Rupert Murdoch Zong Qinghou Patrick Ricard Naguib Sawiris Carlos Slim George Soros Donald Trump Guy Wyser-pratte Jerry Yang
A-Z Business Leaders
Most Read News 
Oil Price Decline is Good for U.S. Economy
3 days ago - By Ben Leubsdorf WASHINGTON--The global decline in oil prices is good for the U.S. economy, Federal Reserve Chairwo...
Nippon to up Reliance MF stake to 49%; Rs 657 cr for first 9%
3 days ago - Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26 perce...
Core Resource Management Acquires Working Interests in Oklahoma Oil and Gas Properties in All Equity Deal
12/12 - PHOENIX, AZ -- -- 12/12/14 -- The Mission of Core Resource Management, Inc.   to acquire and manage proven-producing...
Fed's Yellen Heard Across Asia -- Barron's Asia
2 days ago - By Thomas Streater It was the word that echoed across Asia: patient. Twitchy Asian markets, which have brac...
Maurice Levy and Publicis Groupe
6 days ago - It was meant to be his legacy, his towering achievement after decades at the top of the advertising industry. But Maurice...
More news
Dynamic quotes  
ON
| OFF