Bill Ackman Breaks Himself Off A Piece Of Citi

By Bess Levin


According to Pershing Square Q1 letter, released last night. For those of you keeping up at home, this is remarkable progress. Most investors had serious money riding on this coming out circa September 1. Unfortunately, this meant the missive was a tad light on the jokes and filled with a little less of the emotion we’ve come to expect of William’s all-nighters but the heart is still there. One Love (/stock).

Pershing Square Q1 2010 Investor Letter [PDF]

Comments (9)

  1. 1
    Posted by Anonymous | June 9, 2010 at 11:03 AM

    Go Ackman!

  2. 2
    Posted by Perkins Maxwell | June 9, 2010 at 11:12 AM

    love the watermark. Ackman knows who to butter up.

  3. 3
    Posted by Anonymous | June 9, 2010 at 11:12 AM

    #1 = Bill Ackman

  4. 4
    Posted by Anonymous | June 9, 2010 at 11:16 AM

    Ackman is king of the world!

  5. 5
    Posted by Anonymous | June 9, 2010 at 11:21 AM

    Ackman just owned…like a BOSS

  6. 6
    Posted by Anonymous | June 9, 2010 at 11:26 AM

    HOOOOCHY MAMA!

  7. 7
    Posted by All I Need is One Stock | June 9, 2010 at 12:11 PM

    Those caterpillars never get old.

  8. 8
    Posted by Anonymous | June 9, 2010 at 12:11 PM

    BGP what an awesome trade, buy 17% of a company at $20 and get warrants at .65 to quintuple down on the loss. This guy is a carnival barker that would make Ringling Bros. proud!

  9. 9
    Posted by Anonymous | June 9, 2010 at 1:45 PM

    Large increase in CDS investments..Wonder which index he’s eyeing..

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