Billionaire Bill Ackman Reveals His 'Best Investment' Ever: A $60 Million Bet On Near-Bankrupt Mall Operator That Returned Over 9,000%

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire hedge fund manager Bill Ackman described one of the most lucrative trades of his career during a recent appearance at The Citadel, calling a bet on a bankrupt shopping mall operator “the best investment” he ever made. The Most ‘Contrarian’ Investment You Can Make Speaking to cadets and guests at the Baker School of Business, Ackman recalled buying a 25% stake in General Growth Properties (GG ...