Bill Ackman Steers Pershing Square Capital towards another Billion Dollar Activist Stake

July 15th, 2013
| More
On the heels of two high profile, but unsuccessful single-stock investments, Pershing Square Capital Management founder, Bill Ackman is once again eyeing a major U.S. company for an activist stake. According to Bloomberg News, Mr. Ackman is actively raising as much as $1 billion in the undisclosed company.

Bill Ackman’s last single-stock investment in 2007, for which he raised $2 billion, was Target Corp. which proceeded to lose 90 percent in the two years following the investment. A similar investment in J.C. Penny Co. also went south leading the company to fire Ackman’s handpicked CEO. Sources indicate that Pershing Square Capital Management won’t utilize the types of leverage vehicles that magnified it losses in Target Corp.
For Detailed Investor Profiles on these Investors, click below:
Pershing Square Capital Management
Related People: Nicholas Botta; Roy J. Katzovicz; Scott Ferguson*; William 'Bill' Ackman
Related Entities: Leucadia Corporation (NYSE: LUK); Pershing Square Capital; Pershing Square IV; Pershing Square LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Launches and Hedge Fund Closings


More Recent Headlines

John Rende launching Copernicus Capital Management; Bolstering the Bay Area’s roster of Healthcare Hedge Funds

Richard Perry’s Perry Capital Seeks Injunction against Treasury’s Fannie Mae Profit Grab

Millennium Management LLC Gains Top Trader Nicholas Wells as Nomura Loses Steam

Long/Short Hedge Funds Gain Traction in June Sell-Off; Lansdowne & Horseman Capital Lead the Way

SkyBridge Capital and Woori I&S Announce Strategic Partnership

Top Healthcare and Biotech Focused Hedge Funds Oversee $43 Billion in Equity Assets

Former UBS Hedge Fund Manager Expands MST Capital’s Reach in Asia-Pacific

Dinakar Singh’s TPG-Axon Capital ousts SandRidge Energy’s CEO

Top New York Hedge Funds see assets jump by 21% YTD; Two Sigma & Renaissance Technologies surge

AIFMD – What you should be doing to comply (Part II)