Ackman: Fannie ‘best trade … in capital markets’

Yahoo Finance via CNBC

Hedge fund mogul Bill Ackman has extremely high conviction on what was a losing trade for him last year: the stock of housing giants Fannie Mae and Freddie Mac.

“It’s the most interesting risk-reward that I’m aware of in the capital markets right now,” Ackman said Thursday at the Harbor Investment Conference in New York, a charity event he organized.

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