Bill Ackman

Pershing Square Sans 2 and 20

Bill Ackman’s not especially reticent about talking up his investments. Now, with his planned fund IPO, he’s going to be legally obligated to be even less reticent. Which means that, if you’re like Carl Icahn and think Bill’s a pretty smart guy every now and again, and don’t mind sifting through what floods into your inbox with a “Bill Ackman” Google News alert, and were so inclined for some reason (the 30% return this year being a good one, we suppose) to mimic his every move, you can have something approximating the Bill Ackman portfolio without having to give Bill Ackman a dime. You’re welcome. Read more »

  • 15 Sep 2014 at 3:13 PM

Break Yourself Off A Piece Of Bill Ackman Today

Hedge-fund manager William Ackman aims to raise $2 billion through the initial public offering of one of his funds on Euronext Amsterdam in a move that will provide it with steady capital. Pershing Square Holdings Ltd. said Monday that it plans to float on the Amsterdam stock exchange for $25 a share, giving it a market capitalization of at least $5 billion…The IPO comes as activist investors are embarking on a drive to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns. Mr. Ackman hopes that the IPO will provide him with more permanent capital. [WSJ]

Bill Ackman Can Start Writing His Victory Speech (Maybe)

While he’s in a chatty mood vis-à-vis Allergan, the Pershing Square chief might want to tap that flow, since someone who has covered the Botox-maker for a whole year thinks he’s got this thing in the bag. More or less. Read more »

Bill Ackman’s Magical Year Continues

By no means has everything gone right for the Pershing Square Capital Management chief in 2014. His whole Herbalife-destroying performance actually lost him money, for one. But it’s pretty much the only thing that has lost him money this year. Sure, Allergan told him to piss off. But then the courts told Allergan to piss off itself and told Bill they’d be happy to hear what he had to say when he wanted to say it. Oh yea and he’s still way up on that whole mess, anyway. And just when he got to suing the government for refusing to do what he wants with Fannie Mae and Freddie Mac (and then suing them again), Burger King decided to buy a Canadian icon for tax purposes, making him a whole bunch more money. So, yea, Bill’s feeling pretty good right now. Read more »

Wait! Bill Ackman Has Something Else To Say!

Between suing the government for taking all of the profits from two companies that it began taking all of the profits from more than a year before he bought 10% of each of them, and Friday morning, the Pershing Square Capital Management chief had another brilliant idea, and decided to sue the government again. Read more »

The last two years were just a warm-up. Read more »

  • 05 Aug 2014 at 12:00 PM

Andrew Ross Sorkin Smells Something Fishy

Late last week, Botox-maker Allergan Inc sued Valeant Pharmaceuticals and Pershing Square, alleging the latter two had engaged in insider trading when Pershing bought $1 billion worth of Allergan shares ahead of a takeover offer by the hedge fund and Valeant. On the suggestion of wrongdoing, Valeant called with charges “baseless,” while Ackman stated in a press release that “This is a shameless attempt by Allergan to delay the shareholders’ fundamental right to call a special meeting and vote their shares. Allergan is threatened by our progress toward calling the special meeting. This scorched-earth approach is further evidence of the board’s and management’s further entrenchment.”

Not entirely convinced? Dealbook‘s Andrew Ross Sorkin, who in his column today says WAIT JUST A SECOND, PEOPLE. Read more »