The protest of hedge fund billionaire Bill Ackman by Occupy Wall Street (OWS) yesterday, where occupiers stormed a building lobby they thought was the hedge fund manager’s residence, is perhaps best noted for its questionable targeting. Ackman protesters march on wrong building While one press report said that “activists storm Bill Ackman’s Lobby,” the truth was more nuanced. Not only did the protesters miss their physical target by occupying the wrong building – a source on the ground who spoke to ValueWalk on condition of confidentiality says they protested in the Hyatt Hotel lobby, missing the more private and lesser noticed condo…
Occupy Targets Ackman, But Swings And Misses (Literally)
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.