Billionaire investor Bill Ackman and his wife, Neri Oxman, have purchased a 4.95% stake in the Tel Aviv Stock Exchange (TASE). The couple bought the stake through their hedge fund, Pershing Square, and the investment is said to be worth around $100 million. This move comes as part of Ackman's plan to invest more heavily in Israel, as he believes it is a promising market.
The purchase of the stake in TASE is seen as a positive sign for the exchange, which has been struggling in recent years and has faced competition from other stock exchanges. Ackman and Oxman's investment is expected to bring more visibility and credibility to TASE, potentially attracting other investors.
However, this news comes amidst controversy surrounding Ackman. Recently, he has faced accusations of plagiarism from two Ivy League universities, Harvard and Penn, for his work on diversity, equity, and inclusion (DEI). Ackman has denied these allegations and stated that he stands by the originality of his work.
The purchase of the stake in TASE is seen as a positive move for Ackman and Oxman, as it diversifies their investment portfolio and gives them exposure to the Israeli market, which has shown resilience and growth in recent years. It is also in line with Ackman's strategy of seeking out undervalued assets and taking a long-term investment approach.
Overall, the purchase of the stake in TASE by Bill Ackman and Neri Oxman is seen as a boost for the stock exchange and a positive move for the couple's investment strategy. It remains to be seen how their investment will impact TASE and whether it will attract other investors to the exchange.
References:
- https://www.cnn.com/2024/01/24/business/bill-ackman-neri-oxman-israel-stock-exchange/index.html
- https://www.foxbusiness.com/money/billionaire-bill-ackman-wife-neri-oxman-buying-4-95-stake-tel-aviv-stock-exchange
- https://www.forbes.com/sites/roberthart/2024/01/24/billionaire-investor-bill-ackman-and-wife-neri-oxman-buy-5-stake-in-israel-stock-ex
4.7
9
