Quote:
Originally Posted by red 928
ACKY
Bought a pile last week.
it's supposed to mimic the trading of Bill Ackman.
The goal of the ETF is to return 15% per year to shareholders.
We'll see.
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In a highly controversial CNBC interview on March 18, 2020, billionaire hedge fund manager Bill Ackman issued a dire "hell is coming" warning about the COVID-19 pandemic and its economic impact. While publicly advocating for a nationwide shutdown, his firm, Pershing Square, had already been profiting from a massive market crash hedge, which earned them $2.6 billion.
Bill Ackman believes 10-year Treasury yield could approach 5% soon
In late September 2023, speaking at a CNBC conference, Bill Ackman stated he wouldn't be surprised if the 10-year Treasury yield approached 5%, citing persistent inflation due to structural issues like high energy prices and a resurgent labor movement. He suggested this was a "different world" with historically low interest rates, and that the Federal Reserve would struggle to return inflation to its 2% target.
Yes, Bill was already short USTs when issuing his dire warning and covered shortly after the market moved.
He does have a tendency to “talk his book” on CNBC looking to affect the overall market to his benefit. I’m not a fan of this practice but he is not alone in those that try to instill fear and create big market moves after establishing positions (look what Meredith Whitney did to the Muni market).
I’ll pass on ACKY on principle.