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Billionaire Bill Ackman Reveals His 'Best Investment' Ever: A $60 Million Bet On Near-Bankrupt Mall Operator That Returned Over 9,000% - Brookfield Property (NASDAQ:BPYPN), PERSHING SQ HLD LTD REG S b
Benzinga· 2025-09-29 09:26
Billionaire hedge fund manager Bill Ackman described one of the most lucrative trades of his career during a recent appearance at The Citadel, calling a bet on a bankrupt shopping mall operator “the best investment” he ever made.The Most ‘Contrarian’ Investment You Can MakeSpeaking to cadets and guests at the Baker School of Business, Ackman recalled buying a 25% stake in General Growth Properties (GGP) in late 2008, when the company's stock had plunged from $63 to just 34 cents per share.“The stock went fr ...