Tag Archives: discount retailer


Target shareholders reject Ackman board slate

May 29, 2009 : Permalink

Times and Democrat – Activist shareholder William Ackman sought for months to replace four incumbents on the Minneapolis-based retailer’s board of directors with five of his own picks, including himself. The head of Pershing Square Capital Management, which has a […]

Hedge Fund Head Nominates Himself, Four Others to Target Board

March 17, 2009 : Permalink

New York (HedgeCo.Net) – Pershing Square Capital head William Ackman is planning to nominate himself, along with four others to the Target Corp. board of directors, in which the hedge fund holds a near 10 percent stake. Ackman has confirmed […]

Hedge fund in talks with Target on board seats

February 27, 2009 : Permalink

Associated Press – Activist hedge fund manager William Ackman is in talks with Target Corp. about naming potential directors to the discount retailer’s board, according to a Securities and Exchange Commission filing on Thursday. Target shares gained 61 cents, or […]

Hedge Fund Manager Looking to Shake Up Target Board

February 27, 2009 : Permalink

New York (HedgeCo.Net) – Hedge fund manager William Ackman of Pershing Square Capital Management is in talks with discount retailer Target to nominate some potential members to their board of directors, according to a recent Securities and Exchange Commission filing. […]

Ackman Paves Way for New Hedge Fund Management Moves

February 12, 2009 : Permalink

New York (HedgeCo.Net) – William Ackman, who runs hedge fund Pershing Square Capital Management, is letting clients withdraw as much of their investment as they please.  A vast change from the dozens of hedge funds who rushed to halt redemptions, […]

Hedge Fund Lets Investors Withdraw What Is Left

February 9, 2009 : Permalink

New York Times – In a move that could force similar changes at other money-losing hedge funds, the well-known fund manager William A. Ackman is cutting his fees and allowing investors to take what is left of their money from […]