Pershing Square's interest rate hedge notional size was reduced by 80%, its retained hedge term extended, and its dollar investment in hedges reduced by more than 90%.
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 notional, term and investment figures are internal to the firm.
Cite this claim
Bill Ackman, “Pershing Square's interest rate hedge notional size was reduced by 80%, its retained hedge term extended, and its dollar investment in hedges reduced by more than 90%.” (said 26 January 2022). Verdict: own records only. Reliability API, claim c_c5c0fd94ec45, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_c5c0fd94ec45
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Bill Ackman
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“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.
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“2 years later, we emerged from Chapter 11.”
General Growth emerged from Chapter 11 two years after Pershing Square's investment.
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“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.