TVAVF - Bill Ackman And Wife Neri Oxman Acquire 5% Stake In Tel Aviv Stock Exchange Amid Israel-Hamas Conflict | Benzinga
Bill Ackman, a prominent hedge fund manager, and his wife Neri Oxman have made a significant investment in the Israeli stock market, despite the ongoing conflict with Hamas.
What Happened: Ackman and Oxman have acquired a 5% stake in the Tel Aviv Stock Exchange Ltd (OTC:TVAVF) for approximately $17 million, Bloomberg reported on Wednesday. This marks Ackman’s first major investment in Israel since the conflict with Hamas began.
The Tel Aviv Stock Exchange confirmed the sale of an 18.5% stake to a group of local and foreign investors, with Ackman and Oxman being the only ones publicly named. The deal was arranged by Jefferies Financial Group Inc.
See Also: Seizing India’s Investment Opportunities In 2024 With Octa
Despite the conflict, Ackman, whose personal net worth is estimated at $2.6 billion, has been vocal about the rise in antisemitism following the Hamas attacks in October and the subsequent Israeli military offensive in Gaza.
Why It Matters: This investment comes in the wake ...