Bill Ackman gallops Pershing into FTSE100 UK blue-chip index, a list of the country’s most prized companies, providing investors with stable returns, making them desirable investments.
Bill Ackman is a billionaire hedge fund investor and founder of Pershing Square Capital Management (PSH ) with a net worth of 1.4 billion USD (2017) Forbes.
But Bill Ackman’s contrarian “activist” investment style is controversial with a few skeletons in the closet. In 2015 Bill Ackman came under an FBI investigation for making false statements about Herbalife’s business model to regulators and others.
“Bill Ackman gallops Pershing into FTSE100 UK blue-chip index, a list of the country’s most prized companies, providing investors with stable returns, making them desirable investments”
WEALTH TRAINING COMPANY
Bill Ackman held a US$1 billion short against the nutrition company, Herbalife, claiming the company is a pyramid scheme designed as a multi-level marketing firm. To cut a long story short Bill Ackman’s one billion dollars Herbalife short bet ended in a huge loss. But the plot thickens, in the battle of the billionaire’s saga as Carl Icahn takes the opposite side of the bet with a 26% stake in the Herbalife. What then unfolds is an amusing mudslinging match as the two billionaire investors trade insults on stage.” I wouldn’t invest with you if you were the last man on Earth,” said Carl Icahn (net worth: $17 billion). “This is not an honest guy, and this is not a guy who keeps his word. This is a guy who takes advantage of little people” replied Bill Ackman.
Five years is a lot of dirty water under the bridge, so Bill Ackman survives as a born-again investor, what’s more Bill Ackman gallops Pershing into the FTSE100
The 2020 pandemic Great Lock-downs has been a billionaires’ bonanza. Indeed, billionaire wealth has skyrocketed to over $3 Trillion during the pandemic. But for the vulture funds, the moveable feast is just starting in the Great Reset as they sharpen their claws and get ready to scoop up distressed assets on the dollar.
“The 2020 pandemic Great Lock-downs has been a billionaires’ bonanza”
WEALTH TRAINING COMPANY
We believe we are about to witness Collectivization 2.O as a wave of bankruptcies, depressionary levels of joblessness, and foreclosures batter the global economy next year as massive debt accumulation, rolling lockdowns chokes off pent-up demand. Perhaps there is a reason why the first quarter of 2021 has been coined the “Dark Winter”.
“Bill Ackman’s PSH booked $2.1bn profit on credit hedges alone” – Wealth Training Company
But back to Bill Ackman gallops Pershing into FTSE100 Bill Ackman’s long-only hedge fund, has racked up phenomenal gains this year
In fact, PSH’s shareholders have enjoyed a 75% total return in 2020 so far, helped by sizeable profits from credit hedges taken out ahead of March’s pandemic market meltdown.
Bill Ackman’s PSH booked $2.1bn profit on credit hedges alone
That has propelled Bill Ackman’s PSH market capitalization to £4.8bn, which is enough for inclusion into the FTSE100, according to the London Stock Exchange.
But as they say past performance is not indicative of future results, so while Bill Ackman gallops Pershing into FTSE100 this year maybe that is as good as it gets for the billionaire hedge fund manager.