Fannie Mae-No Politics (FNMA)

[chickenlips]

Bill Ackman ups investment in Fannie, Freddie
MARKETWATCH 9:34 AM ET 3/31/2014
Symbol Last Price Change
FNMA 3.73up +0.16 (+4.48%)
FMCC 3.66down +0.11 (+3.1%)
QUOTES AS OF 10:34:32 AM ET 03/31/2014
NEW YORK (MarketWatch) -- Billionaire hedge fund manager Bill Ackman increased his investment in Fannie Mae(FNMA) and Freddie Mac(FMCC) on Monday. Ackman's firm Pershing Square Capital Management LP now holds a 9.98% stake in Fannie Mae(FNMA) and a 9.77% stake in Freddie Mac(FMCC), making the activist investor the top holder in the two government-backed mortgage finance firms. The boost in this investment was first reported by CNBC. Fannie Mae(FNMA) was up 3.6% and Freddie Mac(FMCC) was up 2.5%.