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☆ Bill Ackman plans to pull his companies out of Amsterdam after antisemitic attacks
▼ + stars: | 2024-11-08 | by ( Auzinea Bacon | ) edition.cnn.com time to read: +2 min

CNN —Billionaire hedge fund manager Bill Ackman wants Pershing Square Holdings and Universal Music Group out of Euronext Amsterdam following attacks this week on Israeli soccer fans in the Dutch capital. In the post, he said that moving Pershing Square would save money and improve liquidity for its shareholders. The move for Universal Music Group, where Ackman is a board member, was also influenced by the attacks in Amsterdam. He wrote that Pershing Square has contractual rights to help move Universal Music Group from its Amsterdam headquarters and stock exchange. Universal Music and Pershing Square Holdings did not immediately respond to CNN’s requests for comment.

Persons: Bill Ackman, ” Ackman, Ackman, ” Organizations: CNN, Billionaire, Pershing Square Holdings, Universal Music Group, London Stock Exchange, Pershing, Europa League soccer, Israel’s Maccabi Tel, Ajax, Capital Management, LSE, Universal Music, New York Stock Exchange, Nasdaq Locations: Amsterdam, “, Israeli, Israel’s Maccabi Tel Aviv, Dutch

☆ Stocks making the biggest moves midday: Walmart, Nike, Dell, Tapestry and more
▼ + stars: | 2024-08-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

The firm owned more than 3 million shares of Nike at the end of June, a stake worth roughly $229 million, the filing disclosed. Dell — Shares climbed 7.1% after JPMorgan added Dell to its focus list, noting the potential for upside after a recent pullback. Tapestry adjusted earnings per share of 92 cents, versus analysts' estimates of 99 cents per share, per LSEG. Berkshire holds 132.9 million shares of Sirius XM versus 36.7 million previously. Earnings per share fell to $4.59 in the fiscal second quarter from $7.98 per share a year ago.

Persons: Bill Ackman's, Warren Buffett, Berkshire Hathaway, Ted Weschler, Todd Combs, Alibaba, FactSet, Robinhood, Yun Li, Samantha Subin, Michelle Fox, Pia Singh, Alex Harring, Sean Conlon, Jesse Pound Organizations: Walmart, Nike, Bill Ackman's Pershing, Capital Management, Berkshire, Dell, JPMorgan, Citi, Cisco Systems, Cisco, Deere, Bros, UBS, Deutsche Bank, Lumentum Holdings, Sirius XM Holdings, Sirius XM, Management

☆ Bill Ackman's Pershing Square withdraws IPO as demand for offering waned
▼ + stars: | 2024-07-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York, US, on Tuesday, Nov. 28, 2023. Bill Ackman's Pershing Square USA withdrew plans for a an initial public offering after investor demand appeared to wane from original expectations. As of the end of June, Pershing Square had $18.7 billion in assets under management. Most of the money was under Pershing Square Holdings, a closed-end fund that trades in Europe. Ackman's move to publicly list Pershing Square was seen as a way to capitalize on his growing presence among retail investors.

Persons: Bill Ackman, David Rubenstein, Bill Ackman's, Berkshire Hathaway, Seth Klarman's Organizations: Pershing, Capital Management, Bill Ackman's Pershing, USA, Berkshire, Pershing Square Holdings, Bloomberg, U.S Locations: New York, PSUS, Europe, Seth Klarman's Boston

☆ Bill Ackman won’t raise anything close to what he planned for his hedge fund IPO
▼ + stars: | 2024-07-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Bill Ackman, billionaire hedge fund manager and chief executive of Pershing Square Capital Management, is seeking $2 billion to take the company’s investment fund public. In a letter to strategic partners last week, Ackman said that he expected to raise between $2.5 billion to $4 billion. The company will offer 40 million shares priced at $50 apiece, according to a Tuesday filing with the US Securities and Exchange Commission. That would be an additional $300 million value for the investment fund, Pershing Square USA. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes.

Persons: Bill Ackman, Ackman, ” Ackman, Pershing, — Organizations: New, New York CNN, Pershing, Capital Management, Wall, US Securities and Exchange Commission, Underwriters, Citigroup, Bank of America, Jefferies, USA, New York Stock Exchange, Herbalife, Trump Locations: New York, Israel

☆ Ackman says his firm will put $500 million into Pershing Square USA
▼ + stars: | 2024-07-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Purchase Licensing Rights New Tab , opens new tabNEW YORK, July 10 (Reuters) - Bill Ackman's firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund manager said in a presentation on Wednesday. The $500 million anchor investment will be held for at least 10 years, he said. Since its launch two decades ago, Ackman's hedge fund returned 16.5% a year. Had it existed in its current form, Pershing Square USA would have returned 19.4% during that time, he said.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Ackman, Svea Herbst, Bayliss, David Gregorio Our Organizations: Pershing Square Capital Management, REUTERS, Pershing, Capital Management, USA, New York Stock Exchange, Svea, Thomson Locations: Las Vegas , Nevada, U.S

☆ Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: 'A reliable legal system is not a given'
▼ + stars: | 2024-06-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe billionaire cofounder of LinkedIn, Reid Hoffman, slammed business leaders who support former President Donald Trump, arguing that a 2024 win for the Republican would actually be bad for the economy. He argues that a "robust legal system" is critical for American business to prosper because it keeps things in check. "But a robust, reliable legal system is not a given," Hoffman wrote. Others, Hoffman argues, believe Joe Biden would be even more dangerous to American business than Trump would. There's a growing number of business leaders who publicly support Trump.

Persons: —, Reid Hoffman, Donald Trump, Hoffman, Donald Trump's, Trump, Stormy Daniels, Joe Biden, Bill Ackman, Nelson Peltz, Blackstone, Steve Schwarzman, Douglas Leone, Elon Musk, Biden Organizations: Service, LinkedIn, Republican, Business, Trump, Pershing, Capital Management

Betting on AckmanBill Ackman has gained new prominence in recent months for his outspoken presence on social media. But he has also made riches for his investors and himself — and now others are hoping he’ll continue to do so. His Pershing Square Capital Management has sold a 10 percent stake for just over $1 billion to an array of outside investors, giving the hedge fund a lofty valuation. The question is whether Ackman’s newfound fans on social media will follow him as he grows his empire, including through a new listed fund and, eventually, an I.P.O. That has bolstered Ackman’s paper worth to $8 billion, Bloomberg calculates, making him 333rd among the world’s wealthiest people.

Persons: Bill Ackman, —, he’ll, BTG, Marc Lasry, Doug Hirsch Organizations: Pershing, Capital Management, Arch Capital, Iconiq Investment Management, Bloomberg

☆ Billionaire Bill Ackman is reportedly leaning toward endorsing Trump
▼ + stars: | 2024-05-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Pershing Square Capital Management CEO Bill Ackman is leaning to supporting Donald Trump. According to multiple reports, Ackman is considering a public announcement backing Trump. AdvertisementBillionaire investor Bill Ackman is considering endorsing former President Donald Trump, according to multiple reports. The Financial Times was the first to report that the hedge fund manager is leaning toward the former president. Ackman also supported former UN Ambassador Nikki Haley, who recently endorsed Trump after her failed GOP primary run.

Persons: Bill Ackman, Donald Trump, Ackman, Trump, —, Dean Phillips, Joe Biden, Nikki Haley Organizations: Pershing, Capital Management, Wall Street titans, Service, Financial Times, Dean Phillips of, GOP, Business Locations: Dean Phillips of Minnesota

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public. Pershing Square had $18.6 billion in total assets under management as of the end of April. Most of its capital is in Pershing Square Holdings, a closed-end fund that trades on European stock exchanges. Ackman has become one of the world's most prominent hedge-fund investors after years of market-topping returns and vocal activist campaigns.

Persons: Bill Ackman, eyeing, Ackman, Ryan Organizations: Pershing, Capital Management, Delivering Alpha, Billionaire, Street Journal, Ryan Israel, Pershing Square Holdings, New York Stock Exchange, Grill, Hilton, Herbalife Locations: New York City, U.S, Israel, North America

☆ Bill Ackman likely to back Donald Trump for president after supporting RFK Jr., Nikki Haley
▼ + stars: | 2024-05-30 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Hedge fund executive and billionaire Bill Ackman has signaled to associates that he is likely to support Donald Trump for president over Joe Biden, according to a source familiar with the matter. Ackman previously financed Robert F. Kennedy Jr.'s campaign for president and Republican Nikki Haley's failed bid for the White House. If Ackman endorses Trump, he will join a growing crowd of Wall Street executives backing Trump over Biden. Blackstone CEO Steve Schwarzman recently said in a statement that he would support Trump. When asked at the time whether he would vote for Trump over Biden, Ackman said, "I'll make that decision when I have the choice."

Persons: Bill Ackman, David Rubenstein, Donald Trump, Joe Biden, Robert F, Kennedy Jr, Nikki Haley's, Ackman, Trump, Blackstone, Steve Schwarzman, Biden, Dean Phillips, Phillips Organizations: Pershing, Capital Management, White, Forbes, Financial Times, Wall Street, Biden, Trump, Republican, CNBC, Democratic, Commission Locations: New York

☆ RFK Jr. said in 2012 that he thought a worm ate part of his brain: 'I have cognitive problems, clearly'
▼ + stars: | 2024-05-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Presidential candidate Robert F. Kennedy Jr. said in a 2012 deposition he has a worm in his brain. In the deposition, Kennedy said he visited several neurologists in 2010 to try to find the cause of his haziness. While some doctors believed he had a brain tumor, one thought he had a worm stuck in his brain. In the 2012 deposition, Kennedy said that he once had to have his heart shocked by doctors to get it to beat back in sync. Questioning Mr. Kennedy's health is a hilarious suggestion, given his competition."

Persons: Robert F, Kennedy Jr, Biden, he's, —, Kennedy, Mary Richardson Kennedy, Joe Biden, Donald Trump, Mr, Stefanie Spear, Kennedy hasn't, Bill Ackman, Jack Dorsey, David Sacks Organizations: Trump, The New York Times, Service, Times, White, Pershing, Capital Management, Twitter, PayPal Locations: Africa, South America, Asia

☆ Wall Street billionaires dump Alphabet. How they traded 7 other portfolio stocks as well
▼ + stars: | 2024-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.

Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, —, Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California

☆ Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. The hedge fund billionaire is planning to launch a closed end fund, investing in 12 to 24 large-cap, investment grade, "durable growth" companies in North America, according to a regulatory filing. Ackman is waiving the management fee for the first 12 months and after the first year will charge a flat 2% fee. Ackman has become one of the world's most prominent hedge fund investors after years of market-topping returns and vocal activist campaigns. The popular investor's hedge fund held only seven stocks at the end of 2023, including Alphabet , Chipotle Mexican Grill and Howard Hughes Corporation.

Persons: Bill Ackman, Pershing, Ackman Organizations: Pershing, Capital Management, Delivering Alpha, New York Stock Exchange, Grill, Howard Hughes Corporation, CNBC PRO Locations: New York City, North America

☆ Bill Ackman buys stake in Tel Aviv’s stock exchange in ‘strong vote of confidence’ for Israeli economy
▼ + stars: | 2024-01-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a stake in Tel Aviv’s stock market in what the exchange said Wednesday was a “strong vote of confidence” in Israel’s economy. The couple have agreed to buy a stake of nearly 5% in the Tel Aviv Stock Exchange (TASE), joining other buyers of around 17 million shares in total, the exchange said in a statement. But his latest investment suggests he is optimistic about the prospects for Israeli companies despite the country’s ongoing war against Hamas. The value of stocks listed on the exchange has swung wildly since October 7, the day Hamas launched its deadly attack on Israel. A report by Business Insider in early January alleged that Oxman had plagiarized parts of her doctoral dissertation.

Persons: Bill Ackman, Neri Oxman, Ackman, Claudine Gay, Gay, —, Oxman Organizations: London CNN —, Tel Aviv Stock Exchange, bourse, Pershing, Capital Management, Hamas, Harvard, Jewish, Business Locations: Tel Aviv’s, Israel, United States, Europe, Australia

☆ Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange
▼ + stars: | 2024-01-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday. The announcement came as the Israeli bourse announced the pricing of a secondary offering of 17,156,677 shares priced at 20.60 shekels ($5.50) per share. "The transaction drew robust interest from investors across Israel, the United States, Europe, and Australia, reflecting a strong vote of confidence in both the Tel Aviv Stock Exchange and the Israeli economy at large," the statement read. "Among the prominent buyers were Neri Oxman and Bill Ackman who have agreed to purchase approximately a 4.9% equity stake in the TASE." His wife, Neri Oxman, is an American-Israeli designer and professor.

Persons: Bill Ackman, Neri Oxman Organizations: Tel Aviv Stock Exchange, Israeli bourse, New, Pershing, Capital Management Locations: Israel, United States, Europe, Australia, New York, Gaza, American

Neri Oxman , a former MIT professor and celebrity within the world of academia, stole sentences and whole paragraphs from Wikipedia, other scholars, and technical documents in her academic writing, Business Insider has found. AdvertisementNeri Oxman directly copied from Wikipedia in her Ph.D. dissertationOn page 81 of her dissertation, "Material-based Design Computation," Oxman published two sentences without attribution that had previously appeared on Wikipedia. Business InsiderThe Wikipedia article for "Weaving" featured virtually identical sentences in April 2010 , when Oxman's dissertation was submitted. Business InsiderOxman's cribbing from the "Weaving" article was one of 15 examples that BI found Oxman plagiarizing from a Wikipedia article in her dissertation. The bulk of the plagiarism BI found was in her dissertation, which runs more than 300 pages.

Persons: Neri Oxman, Oxman, Bill Ackman, Ackman, Claudine Gay, Gay, Claudine Gay's, It's, Rick Norwood, silkworms, Wolfram MathWorld, M.Y . Zhou, Bruno Zevi, Sally Kornbluth Organizations: MIT, Pershing, Capital Management, Washington Free Beacon, Business, Creative, East Tennessee State University, MIT Media, Rhino, BI, Da Capo Press, MIT Corporation, Eastern Tennessee State University Locations: Gaza

☆ Bill Ackman's celebrity academic wife Neri Oxman's dissertation is marred by plagiarism
▼ + stars: | 2024-01-04 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +11 min

Harvard's president, Claudine Gay, resigned after conservative activists revealed she had plagiarized. But for Bill Ackman, the plagiarism wasn't only cause for Gay's immediate ouster as Harvard's president — it also warranted her total removal from its faculty. AdvertisementGay resigned as Harvard's president on Tuesday. One remains: Kornbluth, the president of MIT, where Oxman wrote her thesis and worked from 2010 to 2020. "Stay tuned @MIT," Ackman replied.

Persons: Claudine Gay, Bill Ackman, —, Ackman's, Neri Oxman, Oxman, Ackman, Gay, Elle, Björk, Brad Pitt, Jeffrey Epstein, Sally Kornbluth, Kornbluth, Liz Magill, Steve Weiner, Daniel Wagner, Peder Anker, Claus Mattheck, Weiner, Wagner, MIT Oxman, George Reid Andrews, Andrews, Christopher Rufo, Magill Organizations: Harvard, Gay, Service, Israel's, Business, Massachusetts Institute of Technology, New York Times, New York's Museum of Modern Art, MIT, Boston Globe, Pershing Square Foundation, Pershing Square Capital Management, University of Pennsylvania, New York University, Royal Society of London, University of Pittsburgh, New York Post, Harvard Corporation, Ackman Locations: Gaza, Harvard's, New York City, German, New

☆ Bill Ackman is now turning his focus to MIT's president after Harvard and Penn's resign
▼ + stars: | 2024-01-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Bill Ackman took aim at MIT President Sally Kornbluth after Claudine Gay's resignation from Harvard. Gay resigned as president of Harvard after her response to antisemitism and alleged plagiarism. Ackman began calling for the presidents of Harvard, MIT and Penn to resign in December. Ackman on Tuesday took aim at his final target in a dispute over antisemitism at some of the US's top schools: MIT President Sally Kornbluth. Ackman posted on X after the news of Harvard President Claudine Gay's resignation.

Persons: Bill Ackman, Sally Kornbluth, Claudine Gay's, Gay, Ackman, —, Liz Magill, Harvard's Gay, Ackman didn't, Harvard's, Magill, Kornbluth, she'd Organizations: MIT, Harvard, Penn, Service, Pershing, Capital Management, University of Pennsylvania Locations: Israel

☆ Here's what it would take for the Fed to start slashing interest rates in 2024
▼ + stars: | 2023-11-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"In a different cycle, when inflation hadn't spiked so much, I think the Fed would have been cutting rates already. "If the real fed funds rate continues to go higher as I expect it will, then you'd want to offset that through rate cuts. And the amount of rate cuts I think they're going to have to do is a relatively large amount." "I think there's a real risk of a hard landing if the Fed doesn't start cutting rates pretty soon," the head of Pershing Square Capital Management added. However, even some of the historically more dovish Fed officials aren't showing their hands on when they think cuts will come.

Persons: Valerie Plesch, Kathy Jones, Charles Schwab, Christopher Waller, Michelle Bowman, Waller, Bowman, Joseph LaVorgna, Donald Trump, Chris Marangi, Bill Ackman, Ackman, David Rubenstein, Raphael Bostic, Thomas Barkin Organizations: Eccles Federal, Bloomberg, Getty, Federal Reserve, Fed, Nikko Securities America, National Economic Council, CME Group, Stocks, Gabelli, Market, Pershing, Capital Management, Atlanta Federal Reserve, Richmond Locations: Washington , DC, Atlanta

Ten-year Treasury yields hit a 16-year high of 5.021% in late October, but have fallen back to 4.414%. Some big investors and advisers believe, however, that reasons to cheer are short-lived and growing concerns over the economy will start weighting on asset prices early next year. His focus now is more on earnings, credit markets and broader economic data for signs of a potential slowdown. The U.S. presidential race next year is also a concern because it could be a source of more market instability. For a new boost in market performance, tech stocks will depend more on showing how AI can lift results, investors said.

Persons: We've, Ryan Israel, Bill Ackman's, Mohamed El, Peter van Dooijeweert, Max Gokhman, Franklin Templeton, Bill Gross, van Dooijeweert, Carolina Mandl, David Randall, Svea, Bayliss, Megan Davies, Leslie Adler Organizations: Nasdaq, Bill Ackman's Pershing, Capital Management, Allianz, Group's Solutions, U.S, Reuters, Microsoft, Wall, Svea Herbst, Thomson Locations: extrapolating, U.S, China

☆ Premarket stocks: How Goldman Sachs is navigating a more turbulent world
▼ + stars: | 2023-11-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +11 min

Jared Cohen: If you reflect back on most of the last 20 years, the geopolitical center of gravity has been in the Middle East. But there’s a paradigmatic shift where the geopolitical center of gravity has moved from the Middle East to Washington and Beijing. That’s before you get into other factors like the war in Europe, now, the war in the Middle East and a variety of other things. I don’t think that’s the case. Leaders in the Middle East have a big vision of their role in the world.

Persons: Goldman Sachs, won’t, Goldman, Bell, Jared Cohen, Cohen, they’re, They’ve, it’s, They’re, Bill Ackman, ”, Ackman, Claudine Gay, “, Lawrence Summers, Clinton, ” Summers, Chris Isidore, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Goldman Sachs Global Institute, Applied Innovation, Global Affairs, Google, Harvard, Harvard University, Israel, Pershing Square Capital Management, “ Harvard, Civil, CNN, UAW, United Auto Workers, General Motors, Ford Locations: New York, China, Europe, East, Washington, Beijing, Taiwan, South China, Israel

☆ Harvard could face funding consequences if it fails to tackle antisemitism, says Bill Ackman in letter
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Ackman, who met with a group of more than 200 Harvard students and faculty last week, said the university’s administration is not doing enough to protect them. “Harvard student disciplinary actions should not be outsourced to the police department,” he wrote. When contacted, Harvard directed CNN to earlier statements from Gay and Harvard’s Executive Vice President Meredith Weenick about community conduct. Ackman and others suggested there should be employment consequences for students who had signed the letter. In his letter, Ackman acknowledged the success of that message and suggested that Harvard administrators warn students of the potential consequences.

Persons: Bill Ackman, ”, Ackman, Claudine Gay, Harvard Business School Dean Srikant Datar, ” Datar, “, Harvard’s Slack, Meredith Weenick, Gay, ” Gay, Leslie Wexner, Abigail, Lawrence Summers, Clinton, ” Summers Organizations: New, New York CNN, Billionaire, Harvard University, Harvard, Israel, Harvard Business School, Harvard University Police Department, FBI, “ Harvard, CNN, Gay, Harvard Hillel, Palestinian, Elite, Wexner Foundation, Pershing Square Capital Management, Civil, Defamation Locations: New York, Israel, Gaza, Palestine, Harvard’s

☆ Billionaire investor Marc Rowan accused of using Wall Street tactics to 'strong-arm' UPenn into leadership change amid antisemitism row
▼ + stars: | 2023-11-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apollo CEO Marc Rowan halted his donations to UPenn over its response to Hamas' attacks on Israel. A Penn trustee accused Rowan of using aggressive Wall Street tactics to pressure the college. AdvertisementAdvertisementThe billionaire Marc Rowan was accused by a University of Pennsylvania trustee of using aggressive Wall Street tactics to put pressure on the college over its handling of campus antisemitism. Rowan has contacted "half of Wall Street" to discuss ways major donors can utilize their influence to try and bring about leadership changes at top schools, CNBC reported. Andy Rachleff, a trustee at Penn, told The Wall Street Journal that he saw Rowan's outspoken efforts as an attempt "to strong-arm the university using the classic Apollo playbook."

Persons: Marc Rowan, Penn, Rowan, —, Elizabeth Magill, Magill, Carolyn, Andy Rachleff, Bill Ackman Organizations: Ivy League, Service, University of Pennsylvania, Street Journal, Penn, CNBC, Wharton School's, Advisors, Wall Street Journal, Harvard, Pershing, Capital Management, Cornell Locations: Israel, UPenn, Penn, Gaza, Hamas

☆ Bill Ackman says it's 'pathetic' that law firms and other corporations feel they have to 'police' antisemitism on university campuses
▼ + stars: | 2023-11-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Bill Ackman is continuing to speak out against the divisive letter signed by Harvard student groups. "It's pathetic that we need to rely on law firms and corporations to police antisemitism on campus," he said. And Ackman, a Harvard alumnus himself, called on the university to release the students' names to stop CEOs "inadvertently" hiring them. On Wednesday, Ackman's post quoted a letter sent by law firms to the deans of several law schools. "It's pathetic that we need to rely on law firms and corporations to police antisemitism on campus," said Ackman.

Persons: Bill Ackman, Ackman, —, Israel, Larry Summers, Joe McCarthy, McCarthy, Ackman's Organizations: Harvard, Service, Pershing, Capital Management, Boston Globe, Treasury

☆ Ackman's bet against US Treasuries pays off with $200 mln profit
▼ + stars: | 2023-10-25 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Ackman said on Monday on X, "we covered our bond short" some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. "The economy is slowing faster than recent data suggests," Ackman said in the post, adding "There is too much risk in the world to remain short bonds at current long-term rates." The yield on the 30-year Treasuries was around 4.16% when he announced his bet against them. He said the Treasury yield, which moves in the opposite direction of prices, could rise to 5.5%. But the conflict between Islamist group Hamas and Israel is unnerving investors and suggests Treasuries could become a safe investment option.

Persons: Bill Ackman, Richard Brian, Ackman, Treasuries, Svea Herbst, Bayliss, Jonathan Oatis Organizations: Pershing Square Capital Management, REUTERS, Companies, Billionaire, U.S, Financial Times, Inc, Restaurant Brands, Canadian Pacific Kansas City Limited, Pershing Square, Treasury, Hamas, Svea, Thomson Locations: Las Vegas , Nevada, U.S, Israel

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