Hedge fund manager Bill Ackman / Facebook
Billionaire investor Bill Ackman is now high on US Treasuries, after previously being down on them. And Ackman is also continuing with his very vocal support for Israel during the “Iron Swords” War against the Hamas terrorist organization in Gaza.
“We covered our bond short. There is too much risk in the world to remain short bonds at current long-term rates. The economy is slowing faster than recent data suggests,” Bill Ackman said in a post on Twitter.
Bill Ackman bet against the bonds because he expected rates to rise. But now bond prices are dropping.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
In August, Bill Ackman bet against US Treasurys. At that time he said, “There are few macro investments that still offer reasonably probable asymmetric payoffs and this is one of them. We implement these hedges by purchasing options rather than shorting bonds outright. This makes it easier to sleep at night as it makes your downside finite. Our ‘sleep-at-night test’ is a critical risk management tool.”
As for Israel, And Bill Ackman’s Twitter feed is filled with reposts of all sorts of comments in support of Israel and true information on what is actually going on during the conflict.
“If you’re complaining about misinformation on X (Twitter), perhaps you want to step back for a minute and think about how many mainstream news organizations got the hospital bombing story wrong last week,” he wrote. “Then consider the fact that nobody could add a community note to the New York Times story, but pretty much anybody can add a community note to any post on X if they want.”
Also, Bill Ackman, a graduate of both Harvard College and the Harvard Business School (MBA), is furious with his alma mater over the 35 different student groups at the university that released statements condemning Israel and blaming it for the barbaric attacks by the terrorist organization Hamas over the weekend. As such, Ackman joined other luminaries such as former Harvard President Lawrence Summers, but went even further with a demand that the names of all of the students supporting these groups be released by the school.
Bill Ackman is an American billionaire hedge fund manager, activist investor, and philanthropist. He is the founder and CEO of Pershing Square Capital Management, a hedge fund management company. Ackman is known for his bold investment bets and his activism, in which he seeks to influence the management and governance of companies in which he invests.
