Pershing Square

Pershing Square Tontine Holdings Ltd (NYSE: PSTH), a special purpose acquisition company (SPAC) promoted by hedge fund manager Bill Ackman, said on Monday that it will return $4 billion of capital in trust to shareholders. What Happened: The decision to wind down the blank-check firm...

Billionaire investor Bill Ackman has offered his take on the dramatic decline in U.S. bond yields seen in the past two weeks. What Happened: The decline in 10-year Treasury note rates to as low as 2.7910% on Friday is stunning and reflects recession fears, he said on Monday. The...

Netflix Inc (NASDAQ: NFLX) subscriber base had been steadily increasing for more than a decade, until the company announced first-quarter earnings on Tuesday, revealing it had lost 200,000 users despite expecting to acquire 2.5 million. “Our revenue growth has slowed considerably,”...

Hedge fund manager Bill Ackman took to Twitter Inc (NYSE: TWTR) Monday morning to share his advice for President Joe Biden on what could be done to respond to the Russian invasion of Ukraine. What Happened: The Pershing Square CEO shared a long thread and found himself...

This weekend's Barron's cover story says investors are rushing to adapt to a turbulent year ahead, after the worst January since 2008. Other featured articles discuss why a streaming giant is ready for a comeback and concerns about the future of an online brokerage. Also, an...

Hedge fund investor and Pershing Square Capital Management CEO Bill Ackman announced a new large purchase Wednesday, causing a bump in the share price of streaming giant Netflix Inc (NASDAQ: NFLX). What Happened: Ackman tweeted that Pershing Square purchased 3.1 million shares of Netflix, which...

Pershing Square Tontine Holdings Ltd. (NYSE: PSTH) stock is down 25% from its Feb. 16 all-time high of $34.10. Investors have become impatient waiting for the blank-check company to find or announce an acquisition target. Bill Ackman, founder and CEO of Pershing Square, wrote a number of tweets...

Pershing Square Founder and CEO Bill Ackman tweeted six times in February. Three of the tweets became part of a new disclosure from the company’s SPAC and could be important to SPAC investors and current shareholders. What To Know: A new filing from Pershing Square Tontine Holdings (NYSE:...

Famed hedge fund manager Bill Ackman had his best trade of all-time earlier this year when he bet against the market, and he's  placing a similar bet again despite the market optimism surrounding the development of a COVID-19 vaccine. What Happened: Business Insider reports that Bill...

Billionaire investor Bill Ackman is sponsoring the largest special purpose acquisition company through his Pershing Square Holdings fund. The New SPAC: A SPAC is a blank check company with no operations that is created to raise capital through an initial public offering with the sole purpose of...

Tennis, intermittent fasting and a good night’s sleep keep Bill Ackman at his prime. “I work out pretty intensely,” the activist investor told Shane Parrish on The Knowledge Project. “I play tennis, which, in addition to a workout, it’s almost a form of meditation for...

A big part of being a successful money manager or any other type of manager is surrounding yourself with a capable team and delegating responsibility based on the individual strengths and weaknesses of the team members. Few of the world's billionaires would say they got there all by themselves...

Bill Ackman bet on a winner amid the coronavirus (COVID-19) pandemic. On March 18, the founder of Pershing Square Capital said on CNBC that at the rate the coronavirus is spreading, the American economy will enter a "depression-era period" and as many as a million Americans could die...