Bill Ackman tears into Herbalife

The biggest news of the day. Ackman skewers into Herbalife at Ira Sohn, calling it a  "pyramid scheme." He is short over $1B (over 20M shares). It's the second "Big Short" in his career after MBIA. He claims he did not share his views with his tag team buddy Einhorn, which we doubt very seriously.

Bill Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

Bill Ackman sticks with JC Penney

(CNBC) Activist investor and Pershing Square Capital CEO, William Ackman explains why he is giving the retail company several years to turnaround, despite its recent sales plunge.

Bill Ackman on his P&G position

Bill Ackman: JC Penney Sales Have Hit 'Bottom'

Ackman talks about how JC Penney's sales have "bottomed," and why he's optimistic about the company's new, and ongoing, strategy.

Bill Ackman discusses Sex, JC Penney and Canadian Pacific

Bill Ackman of Pershing Square discusses how to make money in this market and what JC Penney needs to do to turnaround its business.

Bill Ackman on Running a Better Railroad

The Canadian Pacific proxy fight is heating up as the clock ticks closer to May 17th. Hunter Harrison, former Canadian National president & CEO; Stephen Tobias, former Norfolk Southern vice chairman; and Bill Ackman, Pershing Square Capital founder & CEO, discuss.

Bill Ackman on Canadian Pacific

Pershing Square Capital is waging a proxy battle to install seven nominees on Canadian Pacific's 16-member board. Bill Ackman, Pershing Square Capital founder & CEO, offers insight.

Bill Ackman on Searching for the Next Deal

Bill Ackman, Pershing Square Capital founder & CEO, offers insight on the Barnes & Noble and Microsoft partnership.

Bill Ackman: Borders was my worst investment

Bill Ackman of Pershing Square Capital is no longer invested in McDonald's but has respect for what the company has done. In a long interview with CNBC, he discusses his previous investment in Borders, Amazon's dominance in the e-book market, and says Warren Buffett's advice on buying homes presents an opportunity.

Bill Ackman on CNBC talking JC Penney

His tag team partner, Einhorn, has come under some fire with fines for Insider Trading levied by UK regulators.

Bill Ackman's Pershing Square Reports 2011 Decline

Pershing Square Funds Report December Gains, But 2011 Declines
By Amy Or of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--The three funds run by Bill Ackman's Pershing Square posted gains in December but still reported losses between 1.1% and 2% for the year, according to investor letters.

Pershing Square LP, which manages $4.3 billion assets, gained a net 3.1% in December from a concentrated portfolio of 13 names, the letter said. For the year, it lost 1.1%.

The firm didn't mention any specific companies but said 78% of the fund's investments were in companies with a market capitalization of more than $5 billion, and 14% were in midcaps between $1 billion and $5 billion.

The $6 billion Pershing Square International fund gained a net 3% in December, while the smallest fund, Pershing Square II, which manages $82.9 million, gained a net 3.1% that month. For the year, the international fund lost 2%, and Pershing Square II dropped 1.4%. In comparison, the S&P 500 index rose 0.9% in December and was basically flat for the year.

(HT: Dealbreaker)

Bill Ackman interview with Bloomberg (September)

Bill Ackman Says HP `Looks Cheap' But He Won't Invest
Ackman says he would pass on HP because of its "return on invested brain damage." He thinks the brand has been permanently damaged and employees have low morale.
(Ackman spoke at the Harmonie Club in New York in a Bloomberg discussion moderated by Erik Schatzker)

Bill Ackman and Sam Zell on Delivering Alpha's Real Estate Panel

Delivering Alpha: "Homes For Sale: Is now the time to come back to real estate" with Bill Ackman of Pershing Square, Barry Sternlicht of Starwood Capital, and the legendary Sam Zell.

Bill Ackman on CNBC's Delivering Alpha Conference

Bill Ackman of Pershing Square in CNBC's Delivering Alpha Conference on his Hong Kong dollar investment thesis. Here's a link to his presentation slides.
(Ed: I think Ackman's a smart guy but he's way out of his depth here and should stick to picking stocks)