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Pershing Square Capital Management

Pershing Square Capital Management's founder and CEO William Ackman is notorious for his headline-making activist investments. In 2002 he released a report as co-head of Gotham Partners challenging the credibility of Armonk, NY-based Municipal Bond Insurance Association's (MBIA) triple-A rating, ultimately taking a large short position through credit default swaps against MBIA corporate debt. When MBIA crashed in 2008, Ackman made $1 billion for Pershing Square's investors. Getting there was painful: It took five years for him to be proven right, and his controversial bet cost him investors and even landed him in the crosshairs of then-New York State Attorney General Eliot Spitzer...

Back to Hedge Fund 100 Firm Profile Ranking 54. Pershing Square Capital Management / $11.6 billion Location: New York, NY Founded: 2004 2016 Hedge Fund 100 Rank: No. 40 2016 Capital: $14.9 billion 2015 Hedge Fund 100 Rank: No. 26 2015 Capital: $19 billion Years on List: 9 Address: 888 Seventh Avenue42nd FloorNew York, NY 10019 Phone: 212-813-3700 Fax: 212-286-1133 Profile & News

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