Activist News

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Share This: NEW YORK (Reuters) – Activist investor Carl Icahn acquired about $51 million in the common shares of mortgage financiers Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) from mutual fund manager Fairholme Funds Inc in March, a court filing showed on Tuesday. Bill Ackman (rockstar hedge fund manager, CEO of Pershing Square Capital, and on-again/off-again arch-nemesis of Carl Ichan) has been boosting a large position in Fannie Mae  (NASDAQOTCBB:FNMA  ) and Freddie Mac  (NASDAQOTCBB:FMCC  ) .Bill Ackman and other Fannie and Freddie shareholders believe that this one-sided change in the terms of the bailout agreement is illegal and will eventually be overturned in court. Ackman believes that,

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