TVAVF - Bill Ackman Wife Neri Oxman Acquire 5% Stake In Tel Aviv Stock Exchange Amid Israel-Hamas Conflict (CORRECTED) | Benzinga
Editor’s note: This story has been updated to reflect that Ackman and Oxman’s stake in the Tel Aviv Stock Exchange is worth $25 million.
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), Bloomberg reported Wednesday. The stake in the Tel Aviv exchange is worth $25 million, according to Ackman’s Pershing Square Capital Management. 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.
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Despite the conflict, Ackman, whose personal net worth is estimated at $2.6 billion, has been vocal ...