Bill Ackman

29 Mar

Why Bill Ackman’s Style Of Active Management Might Not Be The Best Option For You

Pershing Square Holdings (PSH) is a closed-end investment fund run by Bill Ackman.

The fund recently released its annual report and it’s extremely interesting to dig into it to discuss whether Ackman is doing well or poorly, if it’s a good time to invest in the fund now, to look at a few of his positions, and to elaborate on the everlasting debate between active and passive investment strategies.

The Fund’s Performance

PSH’s return in 2017 was a negative 4% which is extremely bad when comparing it to the 21% the S&P 500 delivered. Since inception, the fund is up a cumulative 1.5% while the S&P 500 is up 108%. More →

By Sven Carlin Bill Ackman Investiv Daily
02 Jun
Should You Follow What Hedge Fund Managers Are Doing?
I’ll describe in detail how you can follow hedge fund managers.

It’s very important to understand the risk reward profile of the fund manager.

Following allows us to find great investment ideas, but there are also big traps.

Introduction

Every fund has to disclose its portfolio to the SEC quarterly in a 13F form which allows us to track hedge fund managers’ portfolios. It’s easy to track what George Soros, David Tepper, Seth Klarman, Dan Loeb, Carl Icahn, David Einhorn, Bill Ackman, Warren Buffett, and many, many other interesting investment stars have been doing. The data is usually disclosed 45 days after the end of the quarter, but nevertheless shows what these guys have been doing.

When you see the research power all those funds use, you might think it’s an excellent free lunch. Well, it could be, but there are a few things to be careful of. More →
By Sven Carlin Bill Ackman Carl Icahn George Soros Hedge Funds Investing Strategy Investiv Daily Ray Dalio Seth Klarman Stocks Warren Buffett
23 Nov
How To Make Activist Investors Work For You
We’ll analyze the scientific data that explains how activists effect returns.

Activism increases returns, but you can increase your returns without paying the 2/20 fees.

There is enough time from the first activist announcement to actual fundamentals improving to carefully analyze the investment and make an appropriate decision.

Activist Investors

Activists open a position in a company that is large enough to enable putting pressure on management, more often than not in a public way. They put pressure on management because they believe that the company is mismanaged and value can be unlocked through changes in corporate policies, acquisitions, divestments, better use of cash, larger dividends, cost-cutting, better financing options, etc. More →
By Sven Carlin Activists Bill Ackman Carl Icahn Investiv Daily Stocks