in Industrial Engineering from Northwestern University. from the Harvard Business School and a B.Sc. Hemali was also a Managing Director with Old City Investment Partners, a multi-family office dedicated to finding high quality investments for the firm’s clientele of family office investors. Hemali was previously Director of Investor Relations for Argand Partners and Castle Harlan, middle market private equity funds. Hemali Dassani (MBA'99) is an experienced fundraiser and investor relations professional within the alternative investments space and is currently a placement agent and consultant to multiple Private Equity funds. Ackman co-founded the Pershing Square Foundation to support exceptional leaders and innovative organizations that tackle important social issues and deliver scalable and sustainable impact across the globe. He is a member of the Investor Advisory Committee on Financial Markets for the Federal Reserve Bank of New York and a member of the Board of Dean’s Advisors of the Harvard Business School. He also serves as the Chairman of the Board of Pershing Square Tontine Holdings, Ltd. Ackman is the Chairman of the board of The Howard Hughes Corporation (NYSE:HHC). Ackman received an MBA from the Harvard Business School and a Bachelor of Arts magna cum laude from Harvard College. Ackman co-founded Gotham Partners Management Co., LLC. Pershing Square is a concentrated research-intensive fundamental value investor in long and occasionally short investments in the public markets. William Ackman (MBA'92), CEO and Portfolio Manager of Pershing Square Capital Management, L.P.īill Ackman is the CEO and Portfolio Manager of Pershing Square Capital Management, L.P., an SEC registered investment adviser founded in 2003. ![]() The email will contain an additional registration step that must be completed well in advance of the event start time to receive the meeting access link. Please join us for what promises to be a highly informative and fascinating conversation.ĭetails on how to join the discussion will be emailed to all pre-registered guests no later than Thursday, April 22nd at 9:00 am. Come listen to Bill Ackman in this Alumni only event as he talks about SPACs, the current market outlook and the post pandemic recovery. Additionally, the SPAC market continues to grow, as these special purpose acquisition companies raise capital through IPOs expressly to acquire a privately held company and take it public. Inflation has become imbedded in the economy and is front of mind for every American.One year into the COVID-19 pandemic, with vaccinations accelerating and economic normality on the horizon, decision-makers have reason for optimism despite challenges the economy has faced and current economic markers. On Monday, BlackRock said the Fed will cut rates next year after overtightening.īut Ackman warned such expectations will weaken the Fed's inflation fight and force it to tighten further: "The more the market believes that the Fed will immediately reverse course, the less effective raising rates will be in moderating inflation, and the more the Fed will have to raise rates. The current level is 1.50%-1.75%, and the Fed is expected to lift it another 75 basis points to 2.25%-2.50% on Wednesday.Īckman's forecast comes as some on Wall Street expect the Fed to pivot to propping up growth instead of fighting inflation as higher rates weigh on the economy. "The Fed understands this and therefore I expect Powell will show hawkish resolve on not only maintaining higher rates for longer, but also being open to a terminal rate meaningfully higher than 3.4%," Ackman predicted. The billionaire hedge fund manager said inflation poses the biggest risk to the US economy, not Fed rate hikes, as high prices weigh on consumer and business confidence. The Federal Reserve and Chairman Jerome Powell will keep benchmark interest rates higher for longer to tame inflation, Bill Ackman tweeted Tuesday. "Inflation has become imbedded in the economy and is front of mind for every American," he said. The billionaire investor tweeted Tuesday that the central bank will be open to a terminal rate above 3.4%. The Federal Reserve could keep interest rates higher for longer to tame inflation, Bill Ackman says. ![]() Bill Ackman is a billionaire investor and hedge fund manager.
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