Bill Ackman is an American investor and Founder of Pershing Square Capital Management, a hedge fund company. He hit the headlines in March 2020 when he created "one of the best trades of all time" turning a US$27 million index and Credit Default Swap (CDS) portfolio protection play into US$2.6 billion as COVID-19 hit the markets.

Of more interest for Australian investors are his recent comments on why the stock market is rising when the economy is in trouble, and the need for the US to adopt a superannuation system similar to Australia's.

You can read Graham Hand's full summary of Bill Ackman's Letter to Shareholders on the Firstlink's website here.

 

Bill Ackman will be headlining our Sohn Hearts & Minds Conference in November. Tickets available here.