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What Bill Ackman's Bad Year Says About Hedge Fund Managers
When hedge fund manager Bill Ackman warned his shareholders Tuesday that 2015 would likely be his worst ever, most investors probably had the same reaction: "I'm glad I don't have any money with that guy."
But celebrity investors like Bill Ackman - who has built a reputation as one of the top activist investors - have big followings among retail investors.
When hedge fund manager Bill Ackman warned his shareholders Tuesday that 2015 would likely be his worst ever, most investors probably had the same reaction: "I'm glad I don't have any money with that guy."
But celebrity investors like Bill Ackman - who has built a reputation as one of the top activist investors - have big followings among retail investors.