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.

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