Bill Ackman

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Bill Ackman (2016)

William Albert Ackman , mostly just Bill Ackman (born May 11, 1966 ) is an American hedge fund manager. He sees himself as an activist investor .

Life

origin

Bill Ackman grew up in Chappaqua , Westchester County , New York. His father, Lawrence David Ackman, was the chairman of Ackman Brothers & Singer, a real estate investment firm in New York. Bill Ackman studied history at Harvard University . He graduated magna cum laude in 1988 with a Bachelor of Arts in history. He then did his Master of Business Administration at Harvard Business School and received his MBA in 1992. Ackman is now on the Advisory Board of Harvard Law School .

Bill Ackman's Jewish grandfather was born in Ukraine . In the 1890s, at the age of 17, he walked from there to Austria, where he trained as a tailor. From Hamburg he then crossed over to New York. He set up a textile factory in Staten Island .

family

Ackman was married to landscape architect Karen Ann Herskovitz for 25 years . From this marriage three daughters were born. In January 2019, Ackman married MIT Media Lab professor and former Israeli Air Force soldier Neri Oxman.

Career

Pershing Square Capital Management

2004 founded Ackman 54 million US dollars , the hedge fund management company Pershing Square Capital Management . Ackman tries to force corporate decisions through influence. So he publicly criticized the business concepts of Herbalife and MBIA and thus caused the course to fall. At Allergan he called for the resignation of the CEO and supported the takeover by Valeant .

Ackman was involved in founding Special-Purpose Acquisition Company (SPAC) Justice Holdings , which merged with Burger King . Exchange rate gains earned his fund due to Beteillingungen in two years more than 200 million US dollars . Pershing Square Capital Management was also involved in the creation of Platform Specialty Products .

Investment style

Bill Ackman is seen as a conflict-prone investor. His best-known public disagreement he had with the major investor Carl Icahn , where it was about the pyramid scheme of the Herbalife group .

Ackman drew renewed attention when he secured Pershing Square's portfolio with $ 27 million in loan protection prior to the 2020 stock market crash, suspecting a crash. The hedge was effective, grossing $ 2.6 billion in less than a month.

capital

Ackman's net worth was estimated at $ 1.7 billion by Forbes in January 2020 .

Individual evidence

  1. ↑ by Julian Herbst: Bill Ackman, the activist | Stock market history. Retrieved August 1, 2019 .
  2. ↑ Heather Lee '19, Elizabeth Fillman '19, June 7, 2018: Bill Ackman on what it means to be an activist investor. Retrieved August 1, 2019 (American English).
  3. ↑ Julia La Roche: The Fabulous Life Of Bill Ackman - The Legendary Investor With A Massive Short On Herbalife. Retrieved August 1, 2019 .
  4. ^ A b Julia La Roche: The Fabulous Life Of Bill Ackman - The Legendary Investor With A Massive Short On Herbalife. Retrieved August 1, 2019 .
  5. ^ The Heilbrunn Center for Graham & Dodd Investing: Bill Ackman - The Creative Side of Investing. April 25, 2019, accessed August 1, 2019 .
  6. ↑ by Julian Herbst: Bill Ackman, the activist | Stock market history. Retrieved August 1, 2019 .
  7. ↑ Traderfox GmbH: all or nothing - Bill Ackman. Retrieved August 1, 2019 .
  8. ↑ Advisory Board - Program on Corporate Governance. Retrieved August 1, 2019 .
  9. ↑ Betting on Zero , documentation. Netflix, 2017. From minute 1:34:40. Retrieved June 9, 2017.
  10. ↑ Emily Smith: Billionaire investor Bill Ackman and wife in 'big-money divorce'. In: Page Six . December 22, 2016, accessed August 1, 2019 .
  11. ^ Bill Ackman reportedly splitting with wife in big-money divorce. Retrieved August 1, 2019 .
  12. ↑ a b William Ackman . Forbes . Retrieved January 8, 2020.
  13. ↑ As If by Design, Their Connection What Inevitable (Engl.) . In: New York Times , 2019. 
  14. ↑ StarTribune - Print Page. May 29, 2012, accessed May 25, 2020 .
  15. ↑ Dennis Kremer: Most successful investor "Baby Buffett". In: FAZ . July 7, 2015, accessed July 7, 2015 .
  16. ↑ Kelly Bit: Ackman's Pershing Square Makes $ 203 Million on Burger King. In: bloomberg.com. Retrieved July 30, 2015 .
  17. ^ Martin Seiwert: Bill Ackman: This is how the troublemaker of Wall Street ticks. Retrieved August 5, 2019 .
  18. ↑ by Julian Herbst: Bill Ackman, the activist | Stock market history. Retrieved August 5, 2019 .
  19. ^ Carl Icahn vs Bill Ackman and Herbalife - GuruFocus.com. Retrieved May 5, 2020 .
  20. ↑ Pershing Square Capital Management, LP Releases Letter to Investors. In: Pershing Square Holdings, Ltd. March 25, 2020, accessed May 8, 2020 (American English).
  21. ↑ Jan Willmroth: Bill Ackman: Billions earned with corona consequences. Retrieved May 5, 2020 .
  22. ↑ Corrie Driebusch: Ackman Has Big Win on bearish market bet . In: Wall Street Journal . March 25, 2020, ISSN  0099-9660 ( wsj.com [accessed May 8, 2020]).
  23. ^ Spiegel Online: Hedgefondshai Bill Ackman: Suddenly the billions were gone . Retrieved March 26, 2017.
personal data
SURNAME Ackman, Bill
ALTERNATIVE NAMES Ackman, William Albert
BRIEF DESCRIPTION American hedge fund manager
DATE OF BIRTH May 11, 1966