I can’t remember a relationship with a romantic partner where, after a fight, the issue was smoothed over by calling and starting the conversation by saying “I’m calling to forgive you.” But that’s exactly what happened in the kiss and make up drama between activist hedge fund managers William Ackman and Carl Icahn. The hedge fund industry’s most watched relationship, between the older Icahn and the smooth-talking, baby-faced Ackman might be more pragmatic, like a good trader, than it is emotional. Ackman is essentially saying to Icahn “You’re wrong, but I’ll forget about it so we can make money together.”…
Ackman and Icahn Kiss and Make Up – Isn't That Sweet
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
Comments are closed.