$FNMA "It is the most interesting risk-reward that I am aware of in the capital markets right now," Ackman
"It is the most interesting risk-reward that I am aware of in the capital markets right now," Ackman said at the Harbor Investment Conference when asked to discuss his investement in the the two companies.
Pershing Square's Ackman says bullish on Fannie, Freddie
02/12/2015 06:01 PM EST
Copyright 2015 Reuters
By Svea Herbst-Bayliss
NEW YORK, Feb 12 (Reuters) - Hedge fund titan William Ackman said on Thursday that U.S. mortgage financing giants Fannie Mae and Freddie Mac are a bet he likes a lot.
"It is the most interesting risk-reward that I am aware of in the capital markets right now," Ackman said at the Harbor Investment Conference when asked to discuss his investement in the the two companies.
Ackman's Pershing Square Capital Management ranked as last year's best peforming hedge fund with a 40 percent return. The hedge fund first made a bet on the mortgage companies in late 2013. (Editing by Richard Valdmanis)
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Glen Bradford
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MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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