Billionaire hedge-fund manager Bill Ackman disclosed a nearly 20% stake in rental-car company Hertz on Thursday as he laid out his bullish reasoning behind the bet. In a social-media post on X, Ackman said the current tariff environment helps Hertz,

Activist investor Bill Ackman has confirmed that he has a 20% stake in Hertz Global (HTZ), and teased that he might be pushing for a

President Trump’s auto tariffs may have sparked fears of price hikes among consumers, but some car-buying businesses could actually benefit, according to investor Bill Ackman. The Pershing Square Capital Management founder made a bullish case for Hertz yesterday (April 17), after revealing a nearly 20 percent stake in the car rental company.