Bill Ackman has recently joined Warren Buffett’s the Giving Pledge. The Giving Pledge is an effort to invite the wealthiest individuals and families in America to commit to giving the majority of their wealth to the philanthropic causes and charitable organizations of their choice either during their lifetime or after their death.
So far a large 81 wealthy people have joined the cause, with over $100 billion committed. This is not the first time Ackman has been quite Charitable. At the Boys & Girls Harbor Conference, Ackman accounced that he had personally donated over $125 million over the past several years to the charity for children in Harlem.
In December, a strong performance helped Carlson Capital's Double Black Diamond fund achieve a double-digit return in 2021. Q4 2021 hedge fund letters, conferences and more Double-Digit Return According to a copy of the latest investor update, which ValueWalk has been able to review, Clint Carlson's Double Black Diamond fund returned 2.9% in December and Read More
Many other hedge fund managers have joined including Ray Dalio, Ken Langone, Carl Icahn, and Julian Robertson.
Below is Ackman’s full letter