Pershing Square Holdings’ latest performance disclosure shows that it’s down 22.2% in 2016. Ackman is facing the possibility of the fund being down by more than 20% for the second straight year.
“I think he’s done. I think he’s a dead man walking and he’s completely un-investable.”
To paraphrase from the New Testament (Matthew 9: 24): "[I]t is easier for a camel to go through the eye of a needle, than for someone who is [a hedge fund manager] to enter the Kingdom of God." Hedge fund managers are not trained in divinity school. Show More Summary
And just when they were getting along so well.
We now know how Carl Icahn's Herbalife sale fell through, thanks to a report by Michelle Celarier at Fortune. Icahn and Bill Ackman have had a long-running feud over Herbalife, the nutritional supplements company. Ackman is short the position, Icahn is long. Show More Summary
I have written previously about how I do not find shares of Chipotle Mexican Grill (CMG) very compelling in the 400’s and recently we learned that Pershing Square’s Bill Ackman has taken a near 10% stake in the company. This move seems odd to me for a couple of reasons. Show More Summary
Somebody hand Bill Ackman a fat blunt and a can of Tecate.
Is Bill Ackman aiming at restoring the fast food chain's reputation -- or that of Pershing Square?
Bill Ackman’s investment in Chipotle Mexican Grill increased shares by more than 5 percent on Tuesday. According to reports, the Pershing Square CEO purchased 2.88 million shares, which account for 9.9 percent of the struggling restaurant’s available shares. Show More Summary
"We cannot fathom Pershing's operational or mathematical investment thesis."
Hedge fund activist Bill Ackman is taking a chance on Chipotle through his company Pershing Square, disclosing a 9.9% stake in the fast food chain. Follow BI Video: On Twitter Join the conversation about this story »
Chipotle shares rose nearly 6% Wednesday after investor Bill Ackman took a sizeable stake.
In the wake of a late-Tuesday regulatory filing that revealed activist investor Bill Ackman has taken a 9.9% stake in Chipotle, shares of the battered burrito chain have jumped more than 5%. But despite the activist's involvement, one Wall Street analyst is questioning whether this Pershing Square-inspired pop is sustainable.
It has been less than 24 hours since hedge fund manager Bill Ackman and his Pershing Square fund announced a 9.9% ownership stake in fast casual chain Chipotle. Ackman's stake, and subsequent filing, indicate that the investor plansShow More Summary
Chipotle shares, under siege after a series of food scares erupted just over a year ago, surged at the opening bell after activist investor Bill Ackman revealed that he's become the chain's second-largest investor. Ackman's Pershing Square Capital Management LP has amassed a 9.9% stake in Chipotle...
Links to the best reading in funds investing: Bill Ackman’s Pershing Square Capital Management has taken a 9.9% stake in Chipotle Mexican Grill (CMG) — Chris Dieterich, Barron’s BlackRock (BLK) now can draw on its own, other funds to...Show More Summary
Chipotle could be facing new pressure to franchise its restaurants now that billionaire activist Bill Ackman is its second biggest investor. Ackman's hedge fund, Pershing Square Holdings, revealed Tuesday that it took a 9.9% stake in Chipotle. Show More Summary