Pershing square believes this presentation contains a balanced presentation of the performance of the portfolios it manages, including a general summary of certain portfolio holdings that have both over and under performed. Bill ackman ups investment in fannie, freddie marketwatch. Fannie, freddie have increasing odds of a positive resolution 11. Since the document was around 110 pages and ackman only officially had 15 minutes to speak the slides are useful for those. Bill ackmans pershing square 1st quarter letter to shareholders. We told readers we would likely be getting the slides. Excludes howard hughes, fannie mae and freddie mac given these companies do not trade on. Bill ackman comments on fannie mae and freddie mac.
Bill ackman presentation at ira sohn 2014 investment. Fannie mae and freddie mac stock prices have decreased 24% and 24%. Bill ackman, the activist hedge fund manager, is planning his second lawsuit in two days against the us government over the bailout of fannie mae and freddie mac, the mortgage finance giants. 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. Ackman pitches adp, herbalife, fannie mae at dallas.
According to data compiled by bloomberg, ackmans pershing square last held 115,569,796 shares 9. Bill ackman, billionaire hedge fund manager, sees a bright future ahead for fannie mae and freddie mac stock. Fmcc, but the two stocks trading action this year suggests the market isnt convinced. Ackman takes fannie and freddie stakes financial times. Carl icahn joins bill ackman in bet on fannie and freddie. Go to pershing square capital presentation pdf go to related article from bloomberg news. Fannie mae, joined in 1970 by the federal home loan mortgage. Includes detailed analysis of pershing squares positions in cmg, adp, qsr, low, sbux, hlt, utx, hhc, fnma, fmcc. Fannie and freddie stakes not likely to improve for ackman. The stock has responded favorably since the presentation as we believe. Bill ackman takes stakes in fannie mae, freddie mac the.
Disclaimer the analyses and conclusions of pershing square capital management, l. Fannie mae 39% freddie mac 27% ginnie mae 31% as of june 2019, u. His firm announced a nearly 10% stake in both government sponsored entities just one week ago. Fannie mae was the largest issuer of singlefamily mortgagerelated securities in the first nine months of 2019. With fannie fnma and freddie fmcc, you have highly leveraged companies where the government is effectively taking 100% of the. Bill ackman is the ceo and portfolio manager of pershing square capital management l. How to save fannie and freddie july 15, 2008 pershing square capital management, l.
Pershing square holdings bill ackman annual investor update. Ackman ps holdings independent voting company limited controls a majority of the voting power of all of pshs shares psh shares may. The indefinite conservatorship of fannie mae and freddie mac is. Bill ackmans pershing square capital has a big stake of fannie mae and freddie mac. Ackman plans second suit against us over fannie and. Reformed fannie, freddie will be worth multiple of current. In regulatory filings on friday, pershing square capital management lp said that it has a 9. Ackmans pershing square takes big stakes in freddie, fannie. Ackman recommends fannie mae, freddie mac at sohn conference. Yesterday, bill ackman spoke about the long case for fannie mae federal national mortgage assctn fnni me otcbb. Bill ackman adds to fannie, freddie stakes new york post. Focus on their core mission responsibilities to foster competitive, liquid, efficient, and. Why bill ackman bought fannie mae and freddie mac, and why. Ackmans puzzling investment in fannie mae and freddie mac.
Bill ackman targets mortgage giants fannie, freddie. Annual update presentation pershing square capital. Bill ackmans pershing square 1st quarter letter to shareholders, stocks. Fnma and freddie mac federal home loan mortgage corp otcbb. Ackman boosts stake in fannie, freddie to more than 11% in. Ackmans modest plan for fannie and freddie the new york. Reuters eduardo munoz activist investor bill ackman, the ceo of pershing square capital management, is bullish fannie mae. The three objectives of this new strategic plan are to ensure that the enterprises.
Its time to get off our fannie the wall street journal. This presentation is expressly qualified in its entirety by reference to pshs prospectuswhich includes discussions of certain specific risk factors, tax considerations, fees and other matters, and its other governing documents. Specific companies or investments shown in this presentation are. Fannie mae fnma, or fannie fnma and freddie mac fmcc fmcc, or freddie. Bill ackman fannie mae presentation business insider.
Fannie mae is like mbia except it only insures mortgagebacked securities and they perform a vital market function. Pershing contained in this presentation are based on publicly available information. Pershing square holdings annual investor presentation. Pscm annual investor update presentation pershing square. Ackmans firm takes 10% stake in fannie, freddie marketwatch. Fannie and freddie needed massive bailouts amid the financial crisis but have in recent quarters become wildly profitable again. Ackman scores big november on fannie, freddie gains. Bill ackman became the latest hedge fund manager to wager that there is money to be made from a stake in fannie mae and freddie mac, the bailedout mortgage finance companies at the centre of a. Pershing recognizes that there may be confidential or.
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