Tag Archives: pershing-square-capital


Bill Ackman appointed to General Growth board

June 8, 2009 : Permalink

Reuters – Bill Ackman, founder of the Pershing Square hedge fund, has joined the board of bankrupt shopping mall operator General Growth Properties Inc, where he is a large shareholder. Ackman is the founder and managing member of the general […]

Target shareholders reject Ackman board slate

May 29, 2009 : Permalink

Times and Democrat – Activist shareholder William Ackman sought for months to replace four incumbents on the Minneapolis-based retailer’s board of directors with five of his own picks, including himself. The head of Pershing Square Capital Management, which has a […]

Target’s activist shareholder to hold town meeting

May 11, 2009 : Permalink

Daily Times – Less than three weeks ahead of what’s expected to be a heated proxy contest at Target’s annual shareholders’ meeting, activist shareholder William Ackman aims to strengthen his case to investors for a new slate of directors by […]

Hedge fund, Target take off gloves in proxy fight

April 22, 2009 : Permalink

Reuters – The battle for board seats at Target Corp heated up on Tuesday when Pershing Square Capital Management called the current directors "suboptimal" after the retailer said the hedge fund has a "risky agenda. The New York-based hedge fund, […]

A Fund Manager Wins, and Moves On

April 16, 2009 : Permalink

New York Times – William A. Ackman makes a lot of noise for someone in the hush-hush business of hedge funds. He harangues executives, goads boards, talks this stock up and that one down — all in search of profit. […]

Hedge Fund Head Nominates Himself, Four Others to Target Board

March 17, 2009 : Permalink

New York (HedgeCo.Net) – Pershing Square Capital head William Ackman is planning to nominate himself, along with four others to the Target Corp. board of directors, in which the hedge fund holds a near 10 percent stake. Ackman has confirmed […]

Hedge Fund Manager Looking to Shake Up Target Board

February 27, 2009 : Permalink

New York (HedgeCo.Net) – Hedge fund manager William Ackman of Pershing Square Capital Management is in talks with discount retailer Target to nominate some potential members to their board of directors, according to a recent Securities and Exchange Commission filing. […]

Ackman Paves Way for New Hedge Fund Management Moves

February 12, 2009 : Permalink

New York (HedgeCo.Net) – William Ackman, who runs hedge fund Pershing Square Capital Management, is letting clients withdraw as much of their investment as they please.  A vast change from the dozens of hedge funds who rushed to halt redemptions, […]

Hedge Fund Lets Investors Withdraw What Is Left

February 9, 2009 : Permalink

New York Times – In a move that could force similar changes at other money-losing hedge funds, the well-known fund manager William A. Ackman is cutting his fees and allowing investors to take what is left of their money from […]

Hedge Fund Peers Come to Merkin’s Defense

January 19, 2009 : Permalink

TheStreet.com – Two contemporaries rushed to the defense of hedge fund manager Ezra Merkin, who is reportedly being investigated by New York Attorney General Andrew Cuomo after his investors lost billions of dollars linked to disgraced money manager Bernard Madoff. […]

Ackman’s Hedge Fund for Target Stake Fell 68% in 2008

January 6, 2009 : Permalink

Bloomberg – William Ackman’s hedge fund that invests in Target Corp. fell 68 percent last year, more than double the loss by the second-largest U.S. discount chain. Pershing Square IV declined 7.7 percent in December alone, according to a letter […]