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Archive for the ‘Bill Ackman’ Category

Bill Ackman Invests $261 Million Into General Motors

Amit Chowdhry | February 15, 2011 | 690 views | 43826Add a Comment2011-02-16+00%3A29%3A44Amit+Chowdhry
Categorized under Bill Ackman, General Motors Company, GM, Pershing Square Capital Management

Bill Ackman’s investment firm Pershing Square has filed a 13F that discloses some of their latest investments. Ackman bought $261 million worth of shares (around 7 million) in General Motors Company (NYSE:GM). Ackman is also known for major investments in Target and Borders Group. He is also a huge investor in J.C. Penney.

Hedge Fund Manager Bill Ackman Loses $125 Million On Borders Bookstore Investment

Amit Chowdhry | February 11, 2011 | 1,251 views | 436291 Comment2011-02-11+23%3A14%3A54Amit+Chowdhry
Categorized under Bill Ackman, Borders Group Inc., Pershing Square Capital Management

Bill Ackman’s hedge fund Pershing Capital has lost $125 million on its investment in Borders Group Inc. Ackman admitted that the Borders investment was a mistake. Borders is rumored to be filing for bankruptcy on Monday or Tuesday. Borders’ entire market cap is less than $30 million as of right now as well. Ackman had an interest in financing a $900 million merger with Barnes & Noble. [AnnArbor.com]