Billionaire hedge-fund manager Bill Ackman, who once led a bitter short-bet battle against Herbalife, says his days of activist short-selling campaigns are over.
Billionaire hedge-fund manager Bill Ackman says his days of activist short-selling campaigns are over.
““Despite our limited participation in this investment strategy, it has generated enormous media attention for Pershing Square. In addition to massive amounts of media hits, our two short activist investments managed to inspire a book and a movie. Fortunately for all of us, and as importantly for our reputation as a supportive constructive owner, we have permanently retired from this line of work.
He cited the past five years of “cordial, constructive and productive” interactions with the companies Pershing Square has invested in, and noted the hedge fund has not been involved in any proxy fights in that time.
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