Tag Archives: pershing square capital management
Bill Ackman appointed to General Growth board
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
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
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
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
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 Lets Investors Withdraw What Is Left
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 […]