Next up is bill ackman of pershing square who pitched going long fannie mae fnma and freddie mac fmcc. Reformed fannie, freddie will be worth multiple of. Pershing square bill ackman herbalife presentation 2014. Bill ackman boosts stake in fannie mae and freddie mac. 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 fannie mae presentation business insider. Pershing square holdings annual investor presentation. Bill ackman on activism, strategy, short selling bloomberg. Right now, he said, the biggest threat to the us middle class is. Ackmans modest plan for fannie and freddie the new york times. Jul 09, 2017 download bill ackmans presentation on ratings agencies.
Bill ackman comments on fannie mae and freddie mac. Fannie mae and federal home loan mortgage corporation freddie mac. Bill ackman sees resolution for fannie mae and freddie mac. Ackman was betting that herbalife will collapse at some point. Its time to get off our fannie ira sohn conference may 5, 2014 pershing square capital management, l. Ackman boosts stake in fannie, freddie to more than 11% in. Bill ackman, ceo of pershing square, says fannie mae and freddie mac are the last piece of unfinished business from the 2008 financial crisis. 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. If you continue browsing the site, you agree to the use of cookies on this website.
Ackman gave a 110slide presentation at the 19th annual sohn conference. Ackman on fannie mae and freddie mac business insider. The hedgefund billionaire on thursday delivered an elaborate slideshow presentation detailing his bullish bet on payroll. Why bill ackman bought fannie mae and freddie mac, and why. Jun 03, 2014 carl icahn joins bill ackman in bet on fannie and freddie.
And someone actually shorted the stock and put out a public presentation. Go to pershing square capital presentation pdf go to related article from bloomberg news. Ackman is considered by some to be a contrarian investor but considers himself an activist investor. Buying the farm i by bill ackman free download as pdf file. Fannie mae is like mbia except it only insures mortgagebacked securities and they perform a vital market function.
Reuters eduardo munoz activist investor bill ackman, the ceo of pershing square capital management, is bullish fannie mae. A look back at fannie and freddie in 2011, bill ackman was invited to discuss the credit markets on cnbc. A man stands outside fannie mae in washington thomson reuters in ackman s view, fannie and freddie are vital to the us economy. May 08, 2017 bill ackman comments on fannie mae and freddie mac. From 2016 annual letter to shareholders of pershing square by bill ackman trades. Anyone has that much gut owns so many shares of fannie and. This presentation is expressly qualified in its entirety by reference to.
Pershing square holdings bill ackman annual investor update presentation. Jul 15, 2008 fannie mae and freddie mac are bond insurers, mr. Fannie mae, freddie mac reform to be center of shelby bill fight. Annual update presentation pershing square holdings, ltd. Bill ackman presentation at ira sohn 2014 investment. The analyses and conclusions of pershing square capital management, l. Official opinion, fhfa vs nomura from the court pdf uscourts. In addition to commenting on his highprofile current investments, pershing square capitals bill ackman in a recent interview with value.
I think it is a strong bet personally, although he probably put in his short too early and his old enemy ichman stepped in to prop up the stock which was in freefall after ackman s announcement. Ackmans pershing square owns 115,569,796 shares of fannie and 63,505,693. Bill ackman freddie mac and fannie mae ira sohn presentation, stocks. The information contained in this presentation may not contain all of the information required in order to evaluate fannie mae or. We think all of the conditions necessary for a resolution of fannie and freddie are here, ackman told yahoo finance. The opinions, analyses, conclusions and proposals presented herein represent the views of pershing square and not those of any third party. He is the founder and ceo of pershing square capital management, a hedge fund management company. Fnma and freddie mac federal home loan mortgage corp otcbb. 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. Dec 21, 2012 title slide of bill ackman s herbalife presentation slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. May 06, 2014 bill ackman freddie mac and fannie mae ira sohn presentation home. Mar 31, 2014 activist investor bill ackman boosted his companys stake in both fannie mae and freddie mac on monday. Yesterday, bill ackman spoke about the long case for fannie mae federal national mortgage assctn fnni me otcbb. Bill ackman on what makes a great investment by john heins march 12, 20 advisor perspectives welcomes guest contributions.
In the latest chapter of the fannie mae and freddie mac saga, fund manager bill ackman recently. Nov 18, 2017 in the past five years, fannie mae crossed below this level 26 times and fell an average 1. Pershing square holdings bill ackman annual investor update. Buying the farm i by bill ackman loan to value ratio loans.
Aug 17, 2017 looks like bill ackman wont be cashing this check anytime soon. View our presentations on pershing square capital managements proxy to implement board seat changes and maximize adps potential. 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. Bill ackmans plan to save fannie and freddie seeking alpha. The stock has responded favorably since the presentation as we believe. Bill ackman s 2ndquarter letter to shareholders of pershing square holdings. May 06, 2014 fannie mae via pershing square presentation posted by.
Bill ackman adds to fannie, freddie stakes new york post. The analyses and conclusions of pershing square contained in this presentation are based on publicly available. Mar 05, 2014 why does ackman think fannie mae is a ten bagger. Oct 04, 2017 ackman pitches adp, herbalife, fannie mae at dallas investor conference.
Bill ackman purchased 10% of the common stock in both fannie mae. Nov 03, 2014 the focus of fannie mae federal national mortgage assctn fnni me otcbb. Since the document was around 110 pages and ackman only officially had 15 minutes to speak the slides are useful for those. Pershing squares bill ackman discussed some of his favorite stock investments in an.
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. Bill ackmans pershing square 1st quarter letter to shareholders, stocks. The 5 most controversial trades of 2015 from ackman to gross and gundlach forbes. Bill ackman freddie mac and fannie mae ira sohn presentation. Bruce berkowitz comments on fannie mae and freddie mac. Bill ackmans pershing square 1st quarter letter to shareholders.
Jul 15, 2008 bill ackman s pershing square capital management, l. Pdf bill ackmans presentation on ratings agencies free. Ackman pitches adp, herbalife, fannie mae at dallas investor. 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. Fannie, freddie have increasing odds of a positive resolution. 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. Bill ackman s pershing square capital has a big stake of fannie mae and freddie mac. Bill ackman reiterated his support for nationalized mortgage lenders fannie mae and freddie mac, during an appearance wednesday at the delivering alpha conference. Its time to get off our fannie the wall street journal. Bill ackman spoke at the ira sohn investment conference, also see bill ackman makes the case for hedge fund investing on a drawdown. Nov 15, 2014 hedge fund manager bill ackman says it is. Ackmans puzzling investment in fannie mae and freddie mac. And a number of hedge funders have been bullish for a while.
Digital sales doubled from the prior year quarter to nearly 16% of sales. Bill ackman, chief executive officer of pershing square capital management lp, talks about the value of shareholder activism, the restaurant. We told readers we would likely be getting the slides. Jan 27, 2017 despite wanting to forget 2016 altogether, pershing square capital investors got one last reminder of their brutal year this week when bill ackmans firm sent out its.
Ackman s company increased its previous investment from around 9. Pershing square holdings, ltd is a closedended investment company. Nearly ten years after the financial crisis, fannie and freddie are still in conservatorship. Bill ackman, billionaire hedge fund manager, sees a bright future ahead for fannie mae and freddie mac stock.
Pershing square bill ackman presentation on herbalife july 22nd 2014 herbalife stock price. Ackmans big adp pitch flops on wall street new york post. Ackman recently gave a presentation at an investor. May 10, 2014 bill ackman s biggest investment idea at the sohn conference 2014 is on freddie mac and fannie mae both which are up 45% ytd. The stock has responded favorably since the presentation as we.
Fannie mae and freddie mac stocks are trading lower. Fannie mae and freddie mac stocks are trading lower by roughly 30 percent each in what has been an. The views presented here do not necessarily represent those of advisor perspectives. Bill ackman, the billionaire whose hedge fund has taken a large position in the common shares of fannie mae and freddie mac. William albert ackman born may 11, 1966 is an american investor, hedge fund manager, and philanthropist. Ackmans firm takes 10% stake in fannie, freddie marketwatch. Ackman s puzzling investment in fannie mae and freddie mac.