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Pershing Square Capital Management

This content is from: Culture

What Is Bill Ackman Up To?

The failure of Silicon Valley Bank and the looming bank crisis is fueling the hedge fund manager’s new passion: Twitter.
By Michelle Celarier
March 21, 2023
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Pershing Square Ups Family Dollar Stake

Pershing Square Capital Management has acquired about 5 million shares in Family Dollar Stores to become its largest shareholder.

June 09, 2011
This content is from: Premium

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...

May 26, 2015
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Pershing Square Buys 12.2% CP Rail Stake

Pershing Square Capital Management, the New York–based $10 billion hedge fund managed by William Ackman, has acquired a 12.2 percent stake in Canadian Pacific Railway.

October 31, 2011
This content is from: Portfolio

Morning Brief: Pershing Square Reduces Stake in a Winning Bet

Shares of Automatic Data Processing fell 1.1 percent after Bill Ackman’s Pershing Square Capital Management disclosed it sold about 5 million shares of the company.
By Stephen Taub
March 15, 2018
This content is from: Corner Office

More Layoffs at Pershing Square

Three investor relations staffers have been let go at Bill Ackman’s shrinking hedge fund firm.
By Amy Whyte
June 27, 2018
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