This chapter delves into hedge fund manager Bill Ackman's lucrative year, his vocal advocacy on social issues, and his ranking on Bloomberg's list of top paid hedge fund founders. It also explores the consistency of certain individuals on the list despite market variations.
Bill Ackman has had a big year. His constant posting and vocal condemnation of antisemitism on college campuses has won him over a million followers on X (and more than a few critics). Meanwhile, his hedge fund, Pershing Square Capital Management, has netted him $610 million in earnings.
Where Ackman’s online strategy is loud, Bloomberg wealth reporter Tom Maloney says the hedge fund manager’s financial strategy is more hands-off. And it’s working.
On today’s Big Take podcast, Maloney reveals the paydays of last year’s top hedge fund managers, and why the same big players keep appearing on the list despite the economy's ups and downs.
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