Fannie Mae, Freddie Mac Worth 10-15 Times Current Value: Ackman

Mani

Published onFebruary 24, 2014

Updated on May 13, 2021

Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s common shares would be worth about 10 to 15 times their current value, if shareholders win their lawsuits, believes Bill Ackman.

The hedge fund manager, known for his aggressive activism, made his comments at the annual meeting of Entrust Capital, a New York firm that invests billions of client money in hedge funds.

Pershing owns nearly 10% in the GSE’s common shares

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Fannie Mae, Freddie Mac Worth 10-15 Times Current Value: Ackman

Pershing owns nearly 10% in the GSE’s common shares

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