Tag Archives: william ackman


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 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 […]

Ackmans Pershing Square Target Fund Fell 33.3% in February

March 4, 2009 : Permalink

Bloomberg – William Ackman’s hedge fund that invests solely in Target Corp. fell 33.3 percent in February, bringing the loss since inception to 93 percent, according to an e-mail sent to investors. The decline in Pershing Square IV fund was […]

Hedge fund in talks with Target on board seats

February 27, 2009 : Permalink

Associated Press – Activist hedge fund manager William Ackman is in talks with Target Corp. about naming potential directors to the discount retailer’s board, according to a Securities and Exchange Commission filing on Thursday. Target shares gained 61 cents, or […]

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 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 […]