GuruFocus Updates (Free subscription) | 4 hours ago
By guruek. (GuruFocus, December 9, 2009) Investment Guru Bill Ackman gave a speech in International Counsel of Shopping Centers (ICSC) on the current state of mall REITs. He built a bullish case for sector. Read more » »
The Business Insider (Free subscription) | yesterday
Bill Ackman is moving from one Central Park West apartment to another. The hedge fund manager of Pershing Square sold his main home already but hasn't yet found a buyer for the small apartment below his old home (which he says is "perfect for staff"). So it's going to auction. Tonight. Curbed has more details on the auction . The important things to know are: Ackman...
The Business Insider (Free subscription) | yesterday
Bill Ackman's successful bankruptcy negotation for the shopping mall operator General Growth Properties (GGP) shows the way other commercial real estate players may be able to avert crisis. Essentially, GGP faced more of a near-term liquidity crunch due to maturing debt, rather than critical business problems. Thus once GGP was able to negotiate an extension of its debt maturity with...
market folly (Free subscription) | 4 hours ago
Today we have the recent ICSC Mall REIT presentation from Bill Ackman's hedge fund Pershing Square Capital Management . The slideshow is entitled 'If You Wait For The Robins, Spring Will Be Over' and it addresses the macro environment as it pertains to real estate investment trusts, and in particular, mall operators. If you're unfamiliar with Ackman and Pershing, check out our...
The Business Insider (Free subscription) | 9 hours ago
Last year around this time, several publications (including us) ran stories about the death of the American mall -- a relic from the days of cheap gas, ever-expanding suburbs, and an American consumer with unlimited access to credit. But that was a premature obituary. Like many different things expected to die during the crisis, things have actually come back nicely. Investor Bill Ackman...
SeekingAlpha Retail Stocks (Free subscription) | 12/08/2009
Market Folly submits: If you haven't seen it already, here's the latest investor letter out of Bill Ackman's hedge fund Pershing Square Capital Management courtesy of Dealbook . In it, we learn that Pershing has started a new position in Nestle ( NSRGY.PK ) as Ackman's fund previously did not own it. Pershing thinks the company will boost margins going forward and has possible...
market folly (Free subscription) | 12/07/2009
If you haven't seen it already, here's the latest investor letter out of Bill Ackman's hedge fund Pershing Square Capital Management courtesy of Dealbook . In it, we learn that Pershing has started a new position in Nestle as they previously did not own it. They think the company will boost margins going forward and has possible catalysts ahead. This all comes in addition to Pershing's...
GuruFocus Updates (Free subscription) | 12/04/2009
By guruek. (GuruFocus, December 4, 2009) Investment Guru Bill Ackman has published his letter to Pershing Square Investors for 3Q09. A copy can be assessed at the end of this post. Overall, the multiple partnerships he set up have done very well for the quarter and for the year, reaping gains more than 23% for each one for them net of all fees, beating the S&P 500 by a large margin....
GuruFocus Updates (Free subscription) | 12/03/2009
By Buffetteer. William (Bill) Ackman, co-investment manager for hedge-fund group Gotham Partners LP, formed Pershing Square in November 2003 with $54 million raised from three investors. Ackman got his start in the real estate business, where he worked for his father prior to starting Gotham. By March 2007, Pershing Square had over $1.6 billion under management. Read more »...
DealBreaker (Free subscription) | yesterday
$$$ Soros: Bank regulation should cover pay [MarketWatch] $$$ Ex-SAC, Pequot managers to launch hedge fund firm [Reuters] $$$ How do you say vicious circle in Greek ? [FT Alphaville] $$$ JPMorgan Names Frenkel-- of AIG fame -- Chairman Of International Business [WSJ] $$$ For those of you looking for free booze, Bill Ackman's apartment auction (which comes with a wine tasting ) is still...
market folly (Free subscription) | yesterday
... past, speakers have included notable hedge fund managers such as Julian Robertson, David Einhorn, Bill Ackman, Eric Sprott and many more. To see the fantastic turnout and amazing speakers from the October event, check out the slideshow here . Over 40% of the seats to the May event have already been reserved, so act quickly. The $1,750 discount for Market Folly readers expires on December...
The Business Insider (Free subscription) | 12/04/2009
Pershing Square, Bill Ackman's hedge fund, posted 12% gains in the third quarter, in part because of its investment in part because of his investment in discount retailer Target (TGT). Of course, he's taken a bath on that, so this is a modest comeback. Ackman also took up a notable stake in Nestle in the third quarter. The New York Times reports : “Nestle has a strong opportunity...
The Business Insider (Free subscription) | 12/02/2009
... Opportunities In Distressed Commercial Real Estate Fitch: Life Insurers Will Be Rocked By $16 Billion Losses On Commercial Real Estate Bill Ackman Has Made An $800 Million Killing On Bankrupt Commercial Real Estate (GGP)
