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Search resuls for: "Ackman's Pershing"


3 mentions found


☆ Ackman's Pershing Square reaps $2.7 bln from rate trade but down 9% in 2022 -letter
  + stars: | 2023-02-10 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +2 min
U.S. stock indexes had a dismal 2022 with the S&P 500 slumping almost 20%, as the Federal Reserve battled soaring inflation with aggressive interest rate hikes that roiled markets. The assets minus the liabilities in Ackman's fund trade at a discount to its share price. "This possibility is also something that we do not feel is currently reflected in PSH's share price," it said. The interest rate hedges were initiated in late 2020 and early 2021. In 2022 the fund entered new positions in long-term interest rates, currencies and energy it said.
☆ Billionaire investor Bill Ackman says the Fed's inflation target isn't realistic anymore - and could result in a brutal recession
  + stars: | 2022-12-15 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Bill Ackman warned the Fed that slowing inflation to its 2% target is no longer realistic. He raised the prospect of a "deep, job-destroying recession" if the Fed tries to hit its goal. "The @federalreserve 2% inflation target is no longer credible," he tweeted on Wednesday. "Businesses need price stability, but can thrive in a world with 3% stable inflation." Ackman warned that attempting to force inflation down to 2% would likely cause the economy to shrink and unemployment to spike.
☆ Activist investor Bill Ackman increased his stake in rail stock Canadian Pacific
  + stars: | 2022-11-14 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
Bill Ackman's Pershing Square hedge fund increased its stake in Canadian Pacific Railway during the third quarter, according to a securities filing released Monday . Pershing Square held just under three million shares at the end June. Ackman previously served as a board member at Canadian Pacific, pushing for a takeover of Norfolk Southern that never happened. It is not clear how many, if any, additional shares Ackman bought outside of those forward contracts. Ackman is an activist investor, known for pushing for change in a small group of portfolio companies.
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