Tag Archives: Bill Ackman
Bill Ackman Invests $261 Million Into General Motors
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
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]