To fund the Netflix purchase, Pershing Square unwound the substantial majority of its interest rate hedge over several days, generating proceeds of $1.25 billion.
Own records only Only the person's or their organisation's own records speak to it, so it is not scored.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
Reasoning
The hedge unwind proceeds are the firm's own trading data, not independently recorded.
Cite this claim
Bill Ackman, “To fund the Netflix purchase, Pershing Square unwound the substantial majority of its interest rate hedge over several days, generating proceeds of $1.25 billion.” (said 26 January 2022). Verdict: own records only. Reliability API, claim c_0125e24dbc9c, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_0125e24dbc9c
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Bill Ackman
-
Resolved false
“the average life of an S&P 500 CEO is probably, I don’t know, 4 years or 3 years, 3 and a half years or something like this.”
-
Mostly true
“SpaceX is near monopoly in terms of low-cost space launch.”
-
Resolved true
“We created it out of the bankruptcy of General Growth.”
Howard Hughes was created out of the bankruptcy of General Growth as a spinoff of its other assets.
-
Resolved true
“2 years later, we emerged from Chapter 11.”
General Growth emerged from Chapter 11 two years after Pershing Square's investment.
-
Resolved true
“The company’s got a 4 billion dollar market cap, and the goal is to build it into a trillion-dollar thing over time, compounding.”
Howard Hughes Holdings has a market capitalisation of about $4 billion.
Verdicts are made automatically; how verdicts are made.