Bill Ackman, the billionaire hedge fund manager and founder of Pershing Square Capital Management, said he has taken a “large notional short position” against the Hong Kong dollar, arguing it is “only a matter of time” before the currency’s peg to the US dollar breaks. In a Twitter post on Wednesday evening in the US, … Read more
Billionaire investor and hedge fund manager Bill Ackman says he remains bullish about cryptocurrencies, despite the recent collapse of the FTX cryptocurrency exchange and the market turmoil that’s followed it. In a Nov. 20 Twitter thread, the CEO and founder of hedge fund management firm Pershing Square Capital Management said he believes “crypto is here … Read more
Bill Ackman, famous hedge fund billionaire investor, defended former chief executive of crypto exchange FTX Sam Bankman Fried’s leadership in a now deleted Tweet on Thursday. “You have to give @SBF_FTX credit for his accountability here. I don’t know any of the facts, but I have never before seen a CEO take responsibility as he … Read more
New York CNN Business — Bill Ackman, the billionaire hedge fund manager and activist investor, has an alternative idea to fight inflation: Increase immigration. He criticized the Federal Reserve’s interest-rate hikes in a series of tweets Thursday and Friday as a blunt tool that will destroy consumer demand and trigger a recession. “Inflation can be … Read more
William Ackman isn’t known for his political takes. Typically, the billionaire hedge fund manager spends his time dissecting corporate financials, looking for his next high-profile investment or activist play. But this week, the CEO of Pershing Square Capital Management found himself in the middle of a heated debate over the carried interest “loophole”—which allows private … Read more
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the @federalreserve to immediately lower rates after just raising them?” — Bill Ackman, founder and CEO, Pershing Square Capital Management That’s billionaire … Read more