By Steve Burns. Billionaire hedge fund manager Bill Ackman made a profit of about $200mn from his high-profile bet against US 30-year Treasury bonds, according to people familiar with the trade. 55 at $10. He believes it is the. He joins to discuss. With Fahmi Quadir, Roddy Boyd, Bethany McLean, Andrew Left. Ackman, 56, is worth an estimated $3. Bill Ackman bought the 13-room penthouse at 6-16 West 77th Street in 2018 for roughly $22. Everyone knows that Bill Ackman's billion-dollar-short campaign against Herbalife. Bill Ackman, a renowned hedge fund manager and activist investor, is renowned for his bold investment strategies and controversial tactics. New York. 1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service's stock. 95, up 0. November 10, 2023 at 12:04 PM EST. One of Valeant’s biggest investors, hedge-fund billionaire Bill Ackman, is trying to salvage both the multi-billion-dollar investment his fund, Pershing Square, made in the company and—with. Right before COVID really brought down the economy in March 2020, Bill Ackman foresaw the chaos the virus could cause and its ability to bring down the market. Betting on Zero is a 2016 American documentary directed by Ted Braun. 1h 44min. 8 million shares in CP Rail at the end of December. The endeavor was chronicled in the documentary film “Betting on Zero. Runtime. Ted Braun . … See moreBetting on Zero: Directed by Ted Braun. 5 million. All about the intricate financial world of hedge fund manager and philanthropist Bill Ackman, his $3. Hedge fund billionaire Bill Ackman, who has been critical of how Harvard and other universities have handled antisemitism on campus, said over the weekend that Musk is “not an antisemite. The current Bill Ackman net worth in 2022 is over $3. 13. Table of Contents. 08:09. Bill Ackman made bank with the first stock he ever bought — and Warren Buffett was a key reason why he placed the wager. S. short-seller released the. ET. The hedge fund. Ackman first disclosed hit bet against Treasurys in August, as he expected interest rates to keep moving higher. 02:19. On one side is Ackman, who took a $1. Oscars Best Picture Winners Best Picture Winners Emmys Hispanic & Latino Voices STARmeter Awards San Diego Comic-Con New York Comic-Con Sundance Film Festival Toronto Int'l Film Festival Awards Central Festival Central All EventsFollowing is the unofficial transcript of a CNBC interview with Pershing Square Capital Management CEO Bill Ackman and CNBC's Scott Wapner live during the CNBC Delivering Alpha conference today. Controversial hedge fund titan Bill Ackman is on a crusade to expose global nutritional giant Herbalife as the largest pyramid scheme in history while Herbalife execs claim Ackman is a market. The intense battle between Ackman and Herbalife became the central focus of the 2016 documentary film titled “Betting on Zero. The controversial film explores activist investor Bill Ackman's crusade against Herbalife, which he says is a pyramid scheme. C. 2 billion (assets) hedge fund Pershing Square, which he founded in 2004. Not Rated | Documentary. as well as his past tangles with the Transport Workers Union and the hedge fund manager Bill Ackman. 25. The current issue of Vanity Fair has a profile of William Ackman, the billionaire hedge fund manager who’s trying to bring down Herbalife. Bill Ackman calls on JPMorgan CEO Jamie Dimon to run for president in 2024. Feb 26 (Reuters) - Billionaire hedge fund manager Bill Ackman has pledged $3. Hedge fund titan Bill Ackman's years-long crusade against Herbalife is heading to the silver screen in April. ”. dollar, in a peg that has survived for. In fact, the billionaire activist said he's willing to pursue his mission "to the end of the earth" in a new big-screen documentary, which debuted Thursday at the Tribeca. ) To his critics, Mr. EDT. William A. Ackman disclosed in a regulatory filing that his Pershing Square Capital Management held roughly 2. Bill Ackman is sticking up for Elon. Betting on Zero: Directed by Ted Braun. During. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Betting on Zero (2017) Watch Now . . William A. Ackman retweeted a video clip of Kennedy appearing on the Joe Rogan podcast, hinting at his admiration for the presidential hopeful. 2016. Net Worth & Salary of Bill Ackman in 2023. 2 million times in their first five hours online. In April 2016, a documentary directed by Ted Braun, titled Betting on Zero, premiered at the Tribeca Film Festival. July 11, 2022. 13th 13th is an eye-opening and shocking Netflix documentary that will completely change the way you think about our current prison system. This documentary follows controversial hedge fund titan Bill Ackman in his crusade to try and expose Herbalife as history's largest pyramid scheme. Self - Governor, Federal Reserve: Simon Johnson. The neo-Renaissance-style property was designed by Nathan Koran in 1927 and sits within the Upper. 𝐌𝐚𝐬𝐭𝐞𝐫𝐰𝐨𝐫𝐤𝐬 | Get priority access to invest in blue-chip art: Bill Ackman has. Herbalife shares closed Friday at $59. His Pershing Square Capital Management hedge fund has been a big winner since Ackman founded it in 2004. Drew Angerer for The New York Times. A year ago, Pershing Square paid more than $150mn to put on about $100bn of hedges to protect itself against rising interest rates. Larry Ackman recalled that his father tried to sell a song to Tin Pan Alley. Director. Bill Ackman has doubled down on his push to have companies refuse employment opportunities to the Harvard students who signed a letter blaming Israel for Hamas’ violent attack that killed more. Bill Ackman wants to demolish the penthouse atop a 1927 building and erect two modernist glass boxes. One of the most potent forces behind long-term investing is the magic of compounding. It cost Ackman some $100 million in premiums to maintain his position, per the outlet, though he made about $300 million from his moves in the market, meaning Pershing Square’s $13 billion. The Academy Award® Winner for Best Documentary, Inside Job directed by Charles Ferguson, is the first film to expose the shocking truth behind the economic crisis of 2008. The boss of Pershing Square, a hedge fund, is on the lookout for “large private growth companies” which are seeking to raise $1. The investor has since added to his position. Bill Ackman, 55, is an American citizen and the CEO of Pershing Square Capital Management, L. The battle between Ackman and Herbalife plays out in the media, in board rooms, and on the streets in. Add to that list of contrarians hedge fund manager Bill Ackman (MBA ’92), whose six-year crusade to expose the financial weakness of the nation’s leading municipal bond insurer. 5 billion. Not only has he amassed a fortune and become a billionaire through his career, but his fund, Pershing Square Capital Management, has generated. According to the filing, Ackman’s hedge. " Shares in seven listed group companies of Adani lost $10. The billionaire hedge fund manager Bill Ackman has been told to revise his plan for a penthouse apartment on top of a historic Manhattan building after his neighbours complained that it looked. Bill Ackman, 55, is an American citizen and the CEO of Pershing Square Capital Management, L. . As of November 2023, Bill Ackman has an estimated net worth of $2 billion. Bill Ackman's net worth currently totals close to $3. 1 billion, according to a regulatory filing on Monday. 6 percent during the month and narrowing his losses for the year to 1. Patricia Nilsson and Alex Barker. Many people on Wall Street think that Bobby is based on billionaire Bill Ackman of Pershing Square Capital Management, a hedge fund management company, due to the same initials, but Damian has said that's. The song sold 750,000 copies. Gotham Partners had made profits from $3 million to $300 million. Back in January, Bill Ackman’s Pershing Square Holdings sent this letter to investors:. September 25, 2023 at 5:54 a. Ackman said in a tweet that his foundation was looking to secure funding partners to support a new Sabatini lab, linking to the Spotlight team’s story that Ackman called an accurate and balanced. Legalize the inflow of willing workers. In. Billionaire investor Bill Ackman hit headlines last month when he disclosed a $1. Bill Ackman (Morris/Bloomberg) Hedge fund manager Bill Ackman took March by storm, gaining 10. Herbalife antagonist Bill Ackman brought. By Catherine Brock – Updated Nov 20, 2023 at 1:39PM. 1 million Netflix shares at the newly discounted price. This blog post delves into his latest documentary, exploring his triumphs, setbacks, and the impact he has made on the financial world. Ackman’s efforts were documented in the documentary film Betting on Zero. May 2, 2023 at 4:18 PM EDT. This EV battery stock has potential double-digit gains ahead. Pershing Square currently manages a total portfolio value of. ET. 0% (Ackman has since sold his stake. It follows billionaire and hedge fund manager Bill Ackman and other formal Herbalife distributors who. 5 million. Mr. By William D. 8% decline as stocks suffered their worst year since the Financial Crisis —but that loss followed three consecutive years of double-digit gains: 26. Then he aggressively pushed the iconic. Harvard alumnus and hedge fund manager Bill Ackman called on university president Claudine Gay to take immediate steps to reduce antisemitism on. Becoming Warren Buffett (2017). Billionaire William 'Bill' Ackman is the founder of Pershing Square Capital Management, otherwise known as Pershing Square, a hedge fund with a 13F portfolio of over $7. Writer/director Ted Braun follows controversial hedge fund titan Bill Ackman as he puts a billion dollars on the line in his crusade to expose Herbalife as the largest pyramid scheme in history. Updated Oct. " Shares in seven listed group companies of Adani lost $10. The glimpse into Bill Ackman’s life is also interesting and another plus to this great documentary. Steve Jobs: One Last Thing (2011) The PBS documentary Steve Jobs: One Last Thing is a tribute to the visionary entrepreneur who was the co-founder and CEO of Apple. 49 HD. 🦍JOIN GIGA UNIVERSITY AND BUILD INCOME STREAMSEarn money from day 1, build a career & network and join the 0. Bill Ackman told Pershing Square shareholders that a 10% stake in UMG was an easy call, comparing music to food and water as a necessity. Ackman said he broke all his investment rules with Valeant, initially striking up a partnership with the Canadian drugmaker in 2014 to try to buy Botox-maker. 30-year Treasury. StarringWilliam Ackman. Hear not only of. November 5, 2023 at 6:53 AM PST. authorities intervene to restore confidence in the banking system;. short-seller released the report. Bill Ackman explains why he embraced RFK Jr. The film allows the audience to get a rare close look at an activist investor plying his trade, as well as at. Bill Ackman and a fellow Harvard graduate launched Gotham Partners in 1992. New York. 4 billion, Bill Ackman is more than a one-percenter -- he is one of the world's top 1,000 richest people. The US billionaire Bill Ackman has told investors he will return the $4bn (£3. MegaloMedia. Bill Ackman and a fellow Harvard graduate launched Gotham Partners in 1992. Documentary. Bill Ackman doesn't think Elon Musk is an antisemite. 1h 44min. October 17, 2016. 8% decline as stocks suffered their. BY Christiaan Hetzner. In Season. It investigates the allegation that Herbalife is a pyramid scheme, and follows Bill Ackman's short investment in Herbalife, which is ostensibly a billion-dollar bet that the company will soon collapse. The Herbalife documentary about hedge fund manager Bill Ackman taking a huge short position against the nutrition company Herbalife under the notion that the. The Hong Kong dollar, the currency used by the semi-autonomous Chinese city, trades within a narrow band of 7. U/A 13+Billionaire U. Happy summer! The documentary film Betting on Zero, directed by Ted Braun, examines Ackman's crusade to expose Herbalife as the largest illegal pyramid scheme in history. Listen. The billionaire boss of Pershing Square had only $40,000 to his name when. 22. Pershing Square’s Bill Ackman said Monday that he has closed his bet against 30-year Treasury bonds, saying in a series of posts on X, the social-media platform formerly known as Twitter, that. The Gettys One of the richest. Penney, another failure, cost Pershing Square $473 million in 2013. There were reports of Bill Ackman astroturfing. Fallon/Bloomberg) Pershing Square Capital CEO Bill Ackman broke a three-year winning streak in 2022, posting his first down year since 2018. The documentary follows this extraordinary man’s journey through little snippets from his childhood, education, experiences at Microsoft, and his family. The documentary starts by explaining Ackman’s short position of over a billion dollars on the Herbalife stock and follows his attempts to expose Herbalife’s controversial business. Bill Ackman is clearly a very smart guy. The COVID play. Bill Ackman, the billionaire founder of Pershing Square Capital Management, said in a thread on Twitter that he believes Kyle Rittenhouse is a. Controversial hedge fund titan Bill Ackman is on a crusade to expose global nutritional giant Herbalife as the largest pyramid scheme in history while Herbalife execs claim Ackman is a. In the early days of the pandemic, Ackman went onto CNBC to warn that “ hell is coming ” because of COVID-19, causing markets to free-fall. , and Ackman, in a crisp white shirt and a pale blue tie, had just finished giving a talk at the. Ackman, whose hedge fund bet about $1 billion that Herbalife would be exposed as an illegal pyramid scheme and forced to shut down. Feb 26 (Reuters) - Billionaire hedge fund manager Bill Ackman has pledged $3. Activist investor Bill Ackman scoops up late author's UWS co-op. After extensive wrangling over the precise wording of jury instructions on Friday, the trial picks up on Monday morning with closing arguments by. Director. The film’s ostensible if unlikely hero is Bill Ackman, the CEO of the hedge fund Pershing Square Capital Management. Bill Ackman’s 13F portfolio value decreased from $10. Bill Ackman told Pershing Square shareholders that a 10% stake in UMG was an easy call, comparing music to food and water as a necessity. (Pershing Square) One of the participants in the film says she lost more than $100,000 on Herbalife. Where. Product Description. 33% on the 5th and another 0. Once the ‘darling’ of the investment community Valeant has fallen into disrepute with that same investment community. 73 billion in market capitalization in India on Wednesday after the U. Icahn’s Wealth Plunges $10 Billion on Short Report. , Ackman — who is CEO of Pershing Square Capital — called for a 30-day national lockdown and warned that. m. 's skepticism on Covid vaccines Published Wed, Jul 5 2023 3:37 PM EDT Updated Mon, Jul 10 2023 9:54 AM EDT Brian Schwartz @schwartzbCNBCEverything You Need to Know About Finance and Investing in Under an HourWatch the newest video from Big Think: Big Think Edge. $3. Billionaire activist investor Bill Ackman, the CEO of $13. In fact, Oxman had been dating hedge funder Bill Ackman for seven months. 7 trillion for the fiscal year 2023, which ended September 30. Ackman in 2015. Official Trailer. Through his philanthropic fund, the investor Bill Ackman is essentially bankrolling Novak Djokovic’s Professional Tennis Players Association, a new players’ union, and a player-controlled, for. 18, 2022, 10:28 a. Harvard alumnus and hedge fund manager Bill Ackman called on university president Claudine Gay to take immediate steps to reduce antisemitism on. The film was nominated for the prestigious Grierson Documentary Award, an Emmy Award, two NAACP Image Awards and was named one of the Top 5 Documentaries of 2019 by the National. This article is for subscribers only. Billionaire investor Bill Ackman urges Harvard suspensions to tackle ‘dire’ antisemitism on campus that’s ‘much worse’ than he realized. Billionaire William Ackman, CEO of Pershing Square Capital Management, suggests recruiting refugees could help. Valeant, the troubled Canadian drugmaker, was. Directed by: Ted BraunBetting on Zero Official Trailer 1 (2017) - DocumentaryA look on how Multi level Marketing companies do their business and how it affec. William Albert Ackman is an American billionaire investor, hedge fund manager, and philanthropist. August 3, 2023 at 3:11 p. He is the founder and CEO of Pershing Square Capital Man. February 26, 2017. A Lonely Crusader. Most of his income has been earned as a portfolio manager. William "Bill" Ackman, founder and chief executive officer of Pershing Square Capital Management LP. The film was hailed by The New York Times as a “landmark film” (Martha Ackman); “fantastic” (John Walters, Sports Illustrated); “remarkable” (Bill Littlefield, NPR); “powerful” (Barbara Huebner, The Boston Globe); “a must see” (Sports Illustrated for Women); “inspirational” (TV Guide); and columnist Jay Weiner wrote for. From ‘Darfur Now’ writer/director Ted Braun comes a riveting docu-thriller following controversial hedge fund titan Bill Ackman as he puts a billion dollars on the line in his. Betting on zero (2016) | full documentary. EDT. Billionaire hedge fund manager Bill Ackman is taking a vocal stance against Visa, saying the credit card giant has. Bill Ackman is defending Elon Musk amid the X owner's antisemitism controversy. Synopsis. Updated June 25, 2019. Self - Former Factory Worker: Patrick DanielBillionaire Bill Ackman stated in a March 11 tweet that the U. 4 billion. An envelopeHedge fund manager must convince board of prewar New York building to back modernist addition. Rent . Bill Ackman and Herbalife go head-to-head in a new promotional video for the upcoming documentary “Betting on Zero. Now, the battle is the subject of a big-screen documentary. (Patrick T. An envelope. On episode 11 we talk about hedge fund billionaire and star of the documentary Betting on Zero, Bill Ackman. Bill Ackman, CEO of Pershing Square Capital Management (pictured), led the charge to name the students in the Harvard organizations who put out a statement blaming Israel for the Hamas attackBy Svea Herbst-Bayliss. The billionaire hedge fund manager Bill Ackman has been told to revise his plan for a penthouse apartment on top of a historic Manhattan building after his neighbours complained that it looked. Ackman texted Banga, providing a link to Kristof’s story with his tweet: “Amex, VISA and MasterCard should immediately withhold payments or withdraw until this is fixed. By Jill Goldsmith. Bill Ackman says Visa has the power to force Pornhub to remove child pornography. And those broadcast has caused more attention about the virus from the general public. m. Bill Newsom was so close with the family that he helped deliver the ransom money after the 1973 kidnapping of J. Foster+Partners via NYC LPC/YouTube. —Bill Ackman (@BillAckman) March 13, 2023. Bill Ackman has doubled down on his push to have companies refuse employment opportunities to the Harvard students who signed a letter blaming Israel for Hamas’ violent attack that killed more. Bill Ackman saw his hedge fund’s crusade against Herbalife as a moral battle with a billion-dollar payday. The. 8 billion as of September 30. Bill Ackman’s publicly traded hedge fund fell 4. Netflix rose handily in after-hours trading. 2022. Last week, he and his investors in funds run by Pershing Square Capital Management swallowed a $4 billion loss on Valeant Pharmaceuticals International. May 25, 2023, 6:25. hlf. Based on price before. Gotham Partners had made profits from $3 million to $300 million. The drop follows an announcement that William Ackman's Pershing Square Capital Managment has sold its final stake. ABC World News, and CBS 60 Minutes, the documentary film, Betting on Zero and the podcast, The Dream. . Documentary. . 46 to. BY Christiaan Hetzner. His efforts were reported in the documentary film Betting on Zero. 6 percent. Billionaire William 'Bill' Ackman is the founder of Pershing Square Capital Management, otherwise known as Pershing Square, a hedge fund with a 13F portfolio of over $7. April 20 (Reuters) - Billionaire investor William Ackman liquidated a $1. Carl Icahn is a made-in-New York bear who famously called Bill Ackman “ a crybaby in the schoolyard " during a 2013 live TV debate over their opposing stakes in Herbalife. 1 billion stake in Google parent Alphabet. A good documentary is a great way to learn and entertain yourself at the same time. Billionaire hedge fund manager Bill Ackman is predicting an economic meltdown following the collapse of Silicon Valley Bank. Netflix Stock Jumps As Billionaire Hedge Fund Manager Bill Ackman Reveals Stake In Streamer. The hedge fund. Topline. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright. Rate this. Investments in publicly traded companies were made in tiny amounts by Gotham. A Lonely Crusader. 26 , when the stock was in the $351. WHERE: CNBC's "Squawk Box" Following is the unofficial transcript of a CNBC interview with Pershing Square Capital Management CEO Bill Ackman on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Monday. Pershing Square’s Bill Ackman found the Hindenburg Research’s report on Adani Group companies “highly credible and extremely well researched,” he said in a Twitter post, less than two days. The documentary follows billionaire hedge fund titan Bill Ackman and several former Herbalife distributors after Ackman takes a billion dollar short position in Herbalife, alleging it is a pyramid. Betting on Zero revolves around hedge fund titan Bill Ackman who is on a mission to expose Herbalife, a nutritional giant. In a. Betting on Zero is a 2016 American documentary directed by Ted Braun. The new documentary is #1 on itunes. Billionaire investor William Ackman liquidated a $1. Ackman became one of Netflix’s 20 largest holders this year, buying after the stock had already begun to dip over concerns about its subscriber base. The amount of time spent was minimal. 75 and 7. Bill Ackman bought the 13-room penthouse at 6-16 West 77th Street in 2018 for roughly $22. Ackman Non-Independent Director. Bill Ackman decided to give it another go with the launch of Pershing Square Capital Management in 2004. UBS thinks it could even surge 100%. February 9, 2016 at 11:31 AM. m. 99 HD . Pershing Square sold Netflix in April and isn't looking back. 1 billion 2020 Net Worth: $2. Production country . “I’m 100% ready to admit when I’m. This article is more than 1 year old. 762. Brooks Julie Contreras William Cohan Erin Criss. “Betting On Zero,” the documentary that has D. Pershing Square Capital Management CEO Bill Ackman joins CNBC's Delivering Alpha 2023 conference to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, Treasury yields, and more. Billionaire investor William Ackman has built in the first quarter a new stake in Alphabet worth $1. Betting on Zero. Rent . The film was nominated for the prestigious Grierson Documentary Award, an Emmy Award, two NAACP Image Awards and was named one of the Top 5 Documentaries of 2019 by the National. Self - Hedge Fund Manager (as Bill Ackman) Jerome Fons. In this mini-documentary, we tell the story of life and how he went thro. Now he has doubts about the U. Billionaire hedge fund manager Bill Ackman told Harvard President Claudine Gay that he has “lost confidence” in her and his alma mater over the university’s permissive attitude […]William A. Bill Ackman. Seeing an opportunity open up, Pershing Square Capital Management, a massive hedge fund headed by Bill Ackman, purchased 3. Watchlist. Originally released 4/15/2018. Bill Ackman, the billionaire founder of Pershing Square Capital Management, claimed he was contacted by the media to ask if his Twitter account had been "hacked" after he. Ackman is Chairman of The Howard Hughes Corporation (NYSE:HHC) and Chairman and CEO of Pershing Square Tontine Holdings, Ltd. Ackman apologized to his investors in 2009 and offered to waive fees in his main funds until they made their money back. 45. Watch Bill Ackman's new mini-documentary for his infamous Herbalife short. March 17, 2017 at 6:06 PM. Shares fall 13 per cent in pre-market trading, down $1. Listen. Documentary. He is the founder and CEO of Pershing Square Capital Man. CNBC EVENTS -- Delivering Alpha 2014 -- Pictured: (l-r) CNBC's Scott Wapner interviews Carl Icahn, Chairman, Icahn Enterprises and Bill Ackman, Managing Partner, Pershing Square Capital Management. C. October 23, 2023. Bill Ackman’s trade in March of 2020 made him one of the first traders with size measured in tens of millions ever to be known to return over 100 times his money in 10 days in three weeks at the beginning of the Covid-19 pandemic. 1 million shares between Jan. in 2010 and gained a seat on the company’s board. Herbalife claims Ackman is simply a market manipulator out to make a fortune from short-selling their stock, but Ackman insists Herbalife deliberately. Christopher Goodney—Bloomberg/Getty Images. Since then the 30-year yield had risen about 28. —Bill Ackman (@BillAckman) March 10, 2023 Ackman's tweets had been viewed 1. DOCUMENTARY. At this year's TribecaLive from Tanglewood, directed by award-winning documentary filmmaker Morgan Neville, features an exhilarating Silk Road Ensemble concert performance filmed at the 2012 Tanglewood festival. Listen. 81. Ackman. ” ~ Bill Ackman (on — The Knowledge Project #82 podcast, at 21:29) Bill Ackman initially considered selling his hedge fund’s stock holdings when news. 7. Bill Ackman, the founder of Pershing Square Capital, a fifteen-billion-dollar hedge fund, was, behind Thiel and his affiliates, the second-biggest seed investor in Strive. The supremely confident billionaire hedge-fund manager Bill Ackman has never been afraid to bet the farm that he’s right. Based on price before Ackman disclosed his. Icahn power this deft documentary portrait. Braun, the documentary director, said he tried to show both sides of the battle and had numerous meetings with Herbalife executives, but in the end, they declined. United States. PROMOTED. Read More:Young Thug Net Worth: Career, Awards, Music & Personal Life. Bill Ackman’s trade in March of 2020 made him one of the first traders. Betting on Zero. This explains Bill Ackman’s use of the phrase “ reasonable band of outcomes. Stock prices have fallen sharply and billionaire investor Bill Ackman thinks it’s a good time to commit more capital to equity markets. The hedge fund billionaire tells CNBC. Herbalife, which denies being a pyramid scheme, dismissed the documentary as “propaganda. Billionaire Bill Ackman's hedge fund, Pershing Square Capital, exited Herbalife ( HLF ), ending an epic five-year, $1 billion bet its stock price would crash to zero. David Paul Morris/Bloomberg 24. Larry Ackman recalled that his father tried to sell a song to Tin Pan Alley. Betting on Zero. Billionaire investor William Ackman on Wednesday said his hedge fund Pershing Square Capital Management has placed a bet against U. Bill Ackman isn’t just another name on Wall Street. The documentary film “Betting on Zero” chronicles investor Bill Ackman’s billion-dollar bet against the nutrition and weight management company Herbalife. April 21, 2022 at 6:41 AM PDT. 1, 2017. The Players: Bill Ackman, founder and CEO of Pershing Square Capital, a hedge fund with about $8 billion in assets; Carl Icahn, another hedge-fund manager, and old school Wall Street "raider," who. The founder of.