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Bill Ackman wants $6.5 billion to go unicorn hunting. In regulatory filing on Monday, the billionaire hedge fund manager announced new plans for his “blank-check IPO,” including efforts to raise $3 billion to $6.5 billion — up from $1 billion. Ackman, 54, also revealed plans to use the money to go after “mature unicorns,” which …
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After making billions on the pandemic in March, Bill Ackman is on the lookout for a new investment. The founder and CEO of Pershing Square Capital Management has reportedly filed for what’s known on Wall Street as “a blank-check IPO” — or a public offering meant to raise money for an acquisition or merger. In …
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Bill Ackman told investors that his hedge fund has sold its $1 billion stake in Warren Buffett’s Berkshire Hathaway. The hedge-fund billionaire, a longtime outspoken Buffett acolyte, explained that the move was made to give his fund, Pershing Square Capital Management, the cash it needs to make the kind of investments that the 89-year-old Buffett …
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President Trump lashed out at Wall Street bears Wednesday as the stock market digested fresh warnings about the coronavirus pandemic. Trump suggested on Twitter that it’s “barely legal” for pessimistic investors to give gloomy forecasts if they stand to profit from market crashes like the one the virus crisis caused. “When the so-called ‘rich guys’ …
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Mega investor Bill Ackman, who hit headlines around the world when he made a whopping $2.6 billion in March betting the stock market would tank due to the coronavirus, is betting that the economy will recover quickly once the crisis ends. Ackman’s Pershing Square Capital Management reinvested his windfall this week — betting on Hilton, …
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When billionaire Bill Ackman went on television last week to tearfully warn that “hell is coming” and beg the White House to shut down the country for 30 days, he was knee deep in a bet against the markets that netted him $2.6 billion. In a Wednesday note to investors of his Pershing Square fund, …
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Hedge-fund tycoon Bill Ackman fired off a tweetstorm to President Trump on Wednesday, proposing that the US impose a nationwide “extended spring break” to combat the Chinese virus. In a series of early morning tweets addressed to Trump, the activist hedge fund manager proposed that he “shut down the country for the next 30 days …
Bill Ackman wants $6.5 billion to go unicorn hunting. In regulatory filing on Monday, the billionaire hedge fund manager announced new plans for his “blank-check IPO,” including efforts to raise $3 billion to $6.5 billion — up from $1 billion. Ackman, 54, also revealed plans to use the money to go after “mature unicorns,” which …
