{"id":10367,"date":"2009-04-16T00:00:00","date_gmt":"2009-04-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"a-fund-manager-wins-and-moves-on","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/a-fund-manager-wins-and-moves-on.html","title":{"rendered":"A Fund Manager Wins, and Moves On"},"content":{"rendered":"<p>New York Times &#8211; William A. Ackman makes a lot of noise for someone in the hush-hush business of hedge funds. He harangues executives, goads boards, talks this stock up and that one down &mdash; all in search of profit.<\/p>\n<p>On Thursday, someone listened. After a campaign by Mr. Ackman that had lasted for months, one of the nation&rsquo;s largest operators of shopping malls, General Growth Properties, filed for bankruptcy protection. <\/p>\n<p>Now Mr. Ackman, who runs a hedge fund called Pershing Square Capital Management, is positioning his fund to pick up the pieces. Pershing controls 25 percent of General Growth and will play a crucial role in restructuring the company. If Mr. Ackman gets his way, he and his investors could walk off with hundreds of millions of dollars in profits.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nytimes.com\/2009\/04\/17\/business\/economy\/17ackman.html%3Fref%3Dbusiness\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; William A. Ackman makes a lot of noise for someone in the hush-hush business of hedge funds. He harangues executives, goads boards, talks this stock up and that one down &mdash; all in search of profit. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7153,5361,10380,4504,4291,5213,5209,1484,123,10418,336],"class_list":["post-10367","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-ackman","tag-bankruptcy-protection","tag-general-growth-properties","tag-investors","tag-new-york-times","tag-pershing-square","tag-pershing-square-capital-management","tag-pershing-square-capital","tag-profits","tag-shopping-malls","tag-stock"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10367"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10367\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}