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Bill Ackman says he’s ‘just watching from a distance’ amid Icahn Enterprises $9bn stock rout

‘The problem Icahn has is that his system has been outed by Hindenburg Research’

Bill Ackman: 'Icahn Enterprises reminds me somewhat of Archegos'
Bill Ackman: 'Icahn Enterprises reminds me somewhat of Archegos' Photo: Getty Images

Hedge fund billionaire Bill Ackman says that he has no long or short position in Carl Icahn’s multibillion dollar Icahn Enterprises after a report by Hindenburg Research left the firm’s stock reeling.

“Just watching from a distance,” Ackman said after comparing Icahn Enterprises with failed investment firm Archegos Capital Management.

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