Heres bill ackman s presentation on how you can make an insane % return betting on fannie mae. Billionaire william ackman s pershing square hedge fund owns big equity stakes in fannie mae and freddie mac as part of a bet that efforts in washington could yield. Why bill ackman bought fannie mae and freddie mac, and why you shouldnt just because an investment is appropriate for a billionaire, it doesnt mean its a good idea for you. Bill ackman ups investment in fannie, freddie marketwatch. Pershing squares bill ackman has concluded, with extensive research to support it, that a. Its time to get off our fannie ira sohn conference may 5, 2014 pershing square capital management, l. Bill ackman s 2ndquarter letter to shareholders of pershing. Why preferred shares may be preferable for fannie mae and freddie mac investors. Were posting up notes from the sohn investment conference in new york, produced in partnership with bloomberg link. By the way, he presented on fannie and freddie at the. Jan 27, 2017 ackman, berkowitz may not get their fannie mae payout so fast under trump. Fnma litigation has narrowed even more, with bill ackmans pershing square capital management filing a notice of voluntary dismissal for its lawsuit in the dc district court on friday.
Tilson on why he thinks fannie mae is a long valuewalk. Why preferred shares may be preferable for fannie mae. Jul 23, 2014 pershing square bill ackman presentation on herbalife july 22nd 2014 herbalife stock price. Adds treasury statement, background bill ackman s pershing square capital management lp has taken a nearly 10% stake in both fannie mae fnma, 2. Shares of fannie and freddie tumble amid blow to hedge.
Bill ackman on fannie and freddie delivering alpha business. Oct 04, 2017 ackman gave best theses at highpriced event featuring thomas russo and david einhorn. In addition to commenting on his highprofile current investments, pershing square capitals bill ackman in a recent interview with value. Ackman s puzzling investment in fannie mae and freddie mac. Ackman on fannie mae and freddie mac business insider. Fannie mae and freddie mac stocks are trading lower by roughly 30 percent each in what has been an. Now making the rounds is bill ackman s 111page slide presentation laying out the bull case on fannie mae otcqb. Pershing square holdings annual investor presentation. We told readers we would likely be getting the slides. Mar 21, 2016 fannie and freddie stakes not likely to improve for ackman anytime soon ackman may have had a small win with valeant, but he has a long way to go to get a victory on fannie and freddie. Fannie and freddie stakes not likely to improve for ackman anytime soon ackman may have had a small win with valeant, but he has a long way to go to get a victory on fannie and freddie. May 05, 2014 ackman recommends fannie mae, freddie mac at sohn conference 2 min read william ackman, founder and ceo of hedge fund pershing square capital management, speaks at the sohn investment conference. Billionaire activist bill ackman has added to his fannie mae and freddie mac bets since the stocks got clobbered by a federal court ruling last week, the post has learned.
He spelled it all out in a threehour presentation at an investment conference. Bill ackman comments on fannie mae and freddie mac. Bailedout mortgage giants fannie mae and freddie mac are apparently all the rage. Pershing square bill ackman herbalife presentation 2014 full. Hedge funds get lift on house bill to free fannie, freddie. Ackman pitches adp, herbalife, fannie mae at dallas investor conference. In the latest chapter of the fannie mae and freddie mac saga, fund manager bill ackman recently. Fnma and freddie mac federal home loan mortgage corp otcbb.
Sohn conference presentation were posting up notes from the sohn investment conference in new york, produced in partnership with bloomberg link. Fannie mae and freddie mac investors such as hedge fund manager bill ackman of pershing square capital management and bruce berkowitz of fairholme capital management are challenging an arrangement. Ackman, berkowitz may not get their fannie mae payout so fast. May 06, 2014 fannie mae via pershing square presentation posted by. Ackman gave a 110slide presentation at the 19th annual sohn conference. Ackman pitches adp, herbalife, fannie mae at dallas investor. Ackman, berkowitz may not get their fannie mae payout so fast under trump. In the past five years, fannie mae crossed below this level 26 times and fell an average 1. Ackman boosts stake in fannie, freddie to more than 11% in. Why bill ackman bought fannie mae and freddie mac, and why. A man stands outside fannie mae in washington thomson reuters in ackman s view, fannie and freddie are vital to the us economy. Since the document was around 110 pages and ackman only officially had 15 minutes to speak the slides are useful for those.
Ackman s firm pershing square capital management lp now holds a 9. Pershing square bill ackman herbalife presentation 2014. Ackman, who runs the new yorkbased pershing square capital management, has a short position in both the junior debt and the equity of both fannie mae and freddie mac, and is critical of the. Fannie, freddie have increasing odds of a positive resolution. Bill ackman dick bove fannie mae freddie mac steven mnuchin politics trading ideas general. Bill ackman on activism, strategy, short selling bloomberg. Ackmans puzzling investment in fannie mae and freddie mac. Bill ackman s 2ndquarter letter to shareholders of pershing square holdings. Mar 05, 2014 why does ackman think fannie mae is a ten bagger. Fannie and freddie stakes not likely to improve for ackman. There is no definitive public source of that information about pershing square capital management, l. We think all of the conditions necessary for a resolution of fannie and freddie are here, ackman told yahoo finance. Sep 07, 2014 what to do with fannie mae and freddie mac is an extremely polarizing and stratified topic in washington.
Save it to your desktop, read it on your tablet, or email to your colleagues. In his presentation, ackman said he believes the new administration will successfully reform fannie and freddie. Nov 03, 2014 the focus of fannie mae federal national mortgage assctn fnni me otcbb. Jun 03, 2014 ironically, his new teammate is bill ackman, the billionaire whose hedge fund has taken a large position in the common shares of fannie mae and freddie mac. Ackman said his was fannie and freddie but no one has really noticed. William ackman and those on the inside at pershing. Activist investor bill ackman s firm pershing square capital management is boosting its stake in both fannie mae and freddie mac to more than 11 percent in each from a combined 9. Right now, he said, the biggest threat to the us middle class is. Nov 18, 20 the hedge fund said it is inspired by fairholme capital managements proposal late wednesday to acquire the insurance businesses of fannie mae and freddie mac. Bill ackman comments on fannie mae and freddie mac, stocks. This document may not be distributed without the express written consent of pershing square and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product. Fnma, and a recent development in the fairholme case seems to confirm that it was a tactical decision meant to limit some of the governments options. The opinions, analyses, conclusions and proposals presented herein represent the views of pershing square and not those of any third party.
May 07, 2014 heres bill ackman s presentation on how you can make an insane % return betting on fannie mae. Bill ackman is displaying amazing returns so far in 2014. Fannie mae and freddie mac stocks are trading lower. Pershing square capital management has met the qualifications for inclusion in our whalescore system. Ackman gave a 110slide presentation at the 19th annual sohn conference yesterday, detailing why hes bullish on the governmentcontrolled. Ackman pitches adp, herbalife, fannie mae at dallas. In the latest chapter of the fannie mae and freddie mac saga, fund manager bill ackman. On february 23rd, bill ackman, pershing square fund manager, said he sees a huge upside on the.
Nov 15, 2014 hedge fund manager bill ackman says it is. Ackman recommends fannie mae, freddie mac at sohn conference. Pershing square bill ackman presentation on herbalife july 22nd 2014 herbalife stock price. Bill ackman on what makes a great investment by john heins march 12, 20 advisor perspectives welcomes guest contributions. Judge sweeney approves ackmans amicus brief in fannie mae. Since the document was around 110 pages and ackman only officially had 15 minutes to speak the slides are. Yesterday, bill ackman spoke about the long case for fannie mae federal national mortgage assctn fnni me otcbb. Fannie mae is like mbia except it only insures mortgagebacked securities and they perform a vital market function. A look back at fannie and freddie in 2011, bill ackman was invited to discuss the credit markets on cnbc. Activist investor bill ackman disclosed friday that his firm. Fannie mae and freddie mac stock prices have decreased 24% and 24%. Ironically, his new teammate is bill ackman, the billionaire whose hedge fund has taken a large position in the common shares of fannie mae and freddie mac. Ackmans modest plan for fannie and freddie the new york times.
Jul 15, 2008 fannie mae and freddie mac are bond insurers, mr. Whitney tilsons email to investors discussing his presentation on why fannie mae is a long and uber is a short. Ackmans firm takes 10% stake in fannie, freddie marketwatch. Reuters eduardo munoz activist investor bill ackman, the ceo of pershing square capital management, is bullish fannie mae. Ackman ps holdings independent voting company limited controls a majority of the voting power of all of pshs shares psh shares may.
Nov 15, 20 adds treasury statement, background bill ackman s pershing square capital management lp has taken a nearly 10% stake in both fannie mae fnma, 2. Bill ackman adds to fannie, freddie stakes new york post. Go to pershing square capital presentation pdf go to related article from bloomberg news. Mar 01, 2018 ackman called the nutritional supplements company a pyramid scheme that he thought would eventually go to zero. Pershing square capital is a new york based hedge fund managed by bill ackman. Bill ackman fannie mae presentation business insider. Please see the additional disclaimers and notes to performance results at the end of this presentation. Bruce berkowitz comments on fannie mae and freddie mac.
Jul 15, 2008 ackman, who runs the new yorkbased pershing square capital management, has a short position in both the junior debt and the equity of both fannie mae and freddie mac, and is critical of the. Pscm annual investor update presentation pershing square. Ackman boosts stake in fannie, freddie to more than 11% in each march 31, 2014 cnbc activist investor bill ackman s firm pershing square capital management is boosting its stake in both fannie mae and freddie mac to more than 11 percent in each from a combined 9. Its time to get off our fannie the wall street journal. Nearly ten years after the financial crisis, fannie and freddie are still in conservatorship. Mar 31, 2014 ackman s firm pershing square capital management lp now holds a 9. Next up is bill ackman of pershing square who pitched going long fannie mae fnma and freddie mac fmcc. Earlier this month bill ackman s pershing square capital management dropped one of its lawsuit against the government regarding fannie mae federal national mortgage assctn fnni me otcbb.
Ackmans modest plan for fannie and freddie the new york. Ackman recommends fannie mae, freddie mac at sohn conference 2 min read william ackman, founder and ceo of hedge fund pershing square capital management, speaks at the sohn investment conference. Ackman, berkowitz may not get their fannie mae payout so. The views presented here do not necessarily represent those of advisor perspectives. Annual update presentation pershing square holdings, ltd. Bill ackman bets big on fannie and freddie business. Bill ackman, chief executive officer of pershing square capital management lp, talks about the value of shareholder activism, the restaurant. Jul 15, 2015 bill ackman reiterated his support for nationalized mortgage lenders fannie mae and freddie mac, during an appearance wednesday at the delivering alpha conference.
123 1406 577 318 446 8 371 901 1275 477 200 1212 1176 1030 200 39 1563 536 363 1453 614 1148 617 85 1359 978 1380 1296 1473 612 1175 1573 1202 953 539 1419 169 944 324 1231 1397 989 1286