MBIA

Breaking: Bill Ackman's first hedge fund failed at 36. Today he just filed to take Pershing Square public on the NYSE under $Pershing Square(PS.US)

Timeline:

• Age 22: Graduates Harvard magna cum laude

• Age 26: Gets MBA from Harvard Business School, co-founds Gotham Partners with classmate

• Age 36: Gotham collapses under litigation

• Age 37: Starts Pershing Square with $54M

• Age 42: Collects on a multi-year MBIA short as the 2008 crash hits

• Age 44: Turns $60M into $1.6B rescuing General Growth Properties from bankruptcy

• Age 46: Goes to war with Carl Icahn on live TV over Herbalife

• Age 51: Loses $1B on the 5-year Herbalife short, exits

• Age 53: Turns $27M into $2.6B in 3 weeks betting on COVID

• Age 58: Tries to raise $25B for a new fund, falls apart

• Age 59: Files IPO on NYSE, $2.8B committed before it even launches

Most funds don't survive one $1B loss. Ackman survived and came back with $10B more

Here's what his holdings are today @BillAckman