BEAMSTART Logo

Bill Ackman, macro tourist, is back

Financial Times LogoFinancial Times2w ago

Bill Ackman, macro tourist, is back - Financial Times

Quick Summary:

His hedge fund Pershing Square has notched up compounded net annual returns of over 16 per cent since 2004.

We suspect that, beyond a natural love for all asymmetric bets, there’s something about the legend of Soros “breaking the Bank of England” that is simply irresistible to all hedge fund managers.

Yes, sure, Ackman has made a bundle on some big macroeconomic trades, most notably a big CDS bet on corporate distress in 2020, and in 2021 that inflation would accelerate, which has helped contain his losses this year.


More Pictures


or

Article Details

Author / Journalist: Robin Wigglesworth

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 15:05:03 (2 weeks ago)

News Timezone: GMT -5:00

Ranking: #76 (out of 2476 stories this day)

News Source URL: ft.com

Language: English

Article Length: 809 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 1912921

View Article Analysis

About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bill Ackman, macro tourist, is back" has 809 words across 41 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Bill Ackman, macro tourist, is back" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 18 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #1912921
  • URL: https://beamstart.com/news/bill-ackman-macro-tourist-is-16693049429174

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.