Billionaire Bill Ackman Reveals His 'Best Investment' Ever: A $60 Million Bet On Near-Bankrupt Mall Operator That Returned Over 9,000% [Yahoo! Finance]
Brookfield Property Partners L.P. - 6.50% Class A Cumulative Redeemable Perpetual Preferred Units (BPYPP)
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Source: Yahoo! Finance
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 (GGP) in late 2008, when the company's stock had plunged from $63 to just 34 cents per share. “The stock went from 34 cents to ultimately $31 a share,” Ackman said, adding that “the most contrarian investment you can make is to buy stock in a company going bankrupt.” Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it At the time, GGP was the second-largest mall operator in the U.S. and burdened with $27 billion in debt, $15 billion of which was coming due within 18 months. Despite that, Ackman believe
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Sec Filings
- 11/14/25 - Form 6-K
- 11/12/25 - Form 6-K
- BPYPP's page on the SEC website