Looking back at Ackman’s muni obsession and Arpad Busson’s charitable chops

This week, AR also revisits Kingdon’s decision to offer investors friendlier terms.

One year ago

»» One of Bill Ackman’s savviest investments was his short on the Municipal Bond Insurance Association. Ackman fought against the Triple-A-rated company for years.

Shorting MBIA was costly and led to years of losses as the company’s stock kept rising.

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