News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Hedge Funds

Bill Ackman: Hindenburg’s Carl Icahn report is a ‘must read’

Carl Icahn’s net worth plunged 38% after Hindenburg’s report. Now Bill Ackman is wading in

Ackman: 'There is a karmic quality to this short report'
Ackman: 'There is a karmic quality to this short report' Photo: Sylvain Gaboury/Patrick McMullan/Getty Images

Hedge fund billionaire Bill Ackman has called Hindenburg Research’s report into Icahn Enterprises a "must read" after the high-profile short-sellers described the firm as "Ponzi-like".

Icahn Enterprises, the holding company for American investor Carl Icahn's empire, was accused of taking money from new investors to pay out dividends to old investors in Hindenburg's investigation.

WSJ Logo