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Entries tagged "Ackman"Bill George refutes Ackman's Target proxyFormer Target board member Bill George tells TheDeal.com why Pershing Square chief Bill Ackman's proxy against the retailer is wrong. Rally was too good to lastAs the bulls return to the market, activist investor William Ackman's Deal Stocks suffer declines too. Bloomberg: Ackman's Target investment not on targetActivist hedge fund manager William Ackman of Pershing Square Capital Management LP appears to have had a mixed 2008, which is more than can be said for most of his peers. In 2008 he had some losses, which he can thank to investments in retailers, but he also had some winning bets, including an unlikely one. ... Why weren't Ackman, Goldstein on Waxman's guest list?The House Oversight and Government Reform Committee had a big hedge fund party, but some of the more vocal managers were left off the guest list. Hedge fund bigwigs George Soros of Soros Fund Management LLC, John Alfred Paulson of Paulson & Co., James Simons of Renaissance Technologies LLC, Philip A. Falcone of Harbinger Capital Partners and Kenneth C. Griffin of Citadel Investment Group LLC appeared before the committee chaired by Rep. Henry Waxman Thursday morning to discuss and defend whether or not they pose a systemic risk to the financial system, what level of government regulation and oversight... Ackman targets TargetThe vocal activist investor William Ackman of Pershing Square Capital Management LP, who is known for in-depth investor presentations detailing his short positions primarily within the bond insurance sector, is stepping out of character to focus on a long-term holding, discount retailer Target Corp. ... Ackman wants to be 'heralded' for shortingHedge fund Pershing Square Capital Management LP's outspoken manager William Ackman, who has made headlines over the past year for his short positions (namely the financial services sector), took aim at the $700 billion bailout bill and Securities and Exchange Commission's short selling ban at the 4th Annual New York Value Investing Congress on Monday. ... Pershing's Ackman won't pick on LehmanIt is a rare moment when Pershing Square Capital Management LP's vocal activist William Ackman lays off of his battered financial sector short targets, but it appears he has a soft spot in his heart for the ailing Lehman Brothers Inc. In an appearance on CNBC's "Squawk Box" on Wednesday morning, the hedge fund manager discussed Lehman, Fannie Mae, Freddie Mac and Longs Drug Stores Corp.... How much is enough for Ackman?William Ackman of Pershing Square Capital Management LP stands to make a very pretty penny if the CVS Caremark Corp. offer to buy Longs Drug Stores Corp. for $71.50 per share closes. The activist investor acquired most of his 25.8% stake in Longs in July and early August, when the shares traded in the low $40s to the mid $50s range through a mix of common stock purchases and the acquisition of notional shares via total return swap arrangements. But, according to Friday's Financial Times, a return in excess of 30% for a very short-term holding may not be enough... Ackman likely unhappy as bulls run up monolinesWhile the Dow Jones Industrial Average's 302.89 point gain to 11,734.32 on Friday may have put a little weekend spending cash in investors' pockets, activist investor Bill Ackman of hedge fund Pershing Square Capital Management LP may have a little less reason to celebrate as two of his short-selling targets, bond insurers MBIA Inc. and Ambac Financial Group Inc., each recorded double-digit gains over the past week on surprisingly strong earnings.... Pershing boosts Longs stakePershing Square Capital Management LP, the hedge fund run by vocal activist investor Bill Ackman, has taken an 8.8% stake in Longs Drug Stores Corp. The move makes Pershing the retailer's second-largest shareholder behind Advisory Research Inc.'s 10.14% stake. ... Triple-A monolines: A dying breedA top triple-A credit rating is a rarity in the troubled world of the bond insurers these days. And the few that still hold onto one are threatened with having it pulled out from under them. The newest on Moody's Investors Service ratings watch list: Assured Guaranty Corp. and Financial Security Assurance Inc., or FSA. ... Moody's downgrades MBIA, Ambac, but is Ackman satisfied?Moody's Investors Service gave MBIA Inc. and Ambac Financial Services Inc. a swift kick in the you-know-what, with the removal of the monolines' triple-A ratings. Moody's on Thursday evening announced it had downgraded MBIA Insurance Corp.'s insurer financial strength rating two notches A2 with a negative outlook from triple-A. Ambac Assurance Corp.'s insurer financial strength rating was concurrently dropped one notch to Aa3 with a negative outlook from triple-A. The ratings actions follows a review for possible downgrade of the monolines' top ratings that was initiated on June 4. ... Top tagsYou have executed a tag search on Dealscape. 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