Humbled Ackman plays coy about two behemoth buys

Carleton English

New York Post

27th January 2017

Embattled hedgie Bill Ackman dropped some hints Thursday about his two latest investments — but didn’t go so far as to name names. The Pershing Square founder invested roughly $436 million, or 4 percent of his fund’s $12 billion capital, in late 2016 in one investment, he said during a presentation before the fund’s annual investor dinner. The second, larger investment, totaling roughly 9 percent of his capital, or $981 million, was made in early 2017.

Discretion is a rare move for Ackman, who is known to make media rounds and prepare slide shows detailing his activist plays. However, — down 13. 5 percent in 2016 and 20.

5 percent in 2015 — Ackman may be playing humble. Ackman offered few new clues about the first investment except to say it is a “ business that generates predictable, recurring cash flow” with a “ management team. ” Representatives from Pershing Square did not immediately respond to requests to comment.



Leave your comments, questions and feedback on this article below. You can also correct any listing errors or omissions.