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Hedge fund billionaire Bill Ackman calls for pay freeze in Congress to end government shutdown

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  • The billionaire activist investor Bill Ackman used Twitter late Thursday to weigh in on the partial US government shutdown.
  • Ackman called for members of Congress to have their pay stopped during the shutdown, saying such a policy would end government shutdowns.
  • It's an unusual move for Ackman, who has tweeted only 15 times since debuting on the social-media site in June 2017.

The billionaire activist investor Bill Ackman used Twitter late Thursday to weigh in on the partial US government shutdown, calling out members of Congress for getting paid while federal workers were not.

"Why should members of the Congress be paid while workers for the Federal government go unpaid? If we fixed this inequity, we would no longer have government shutdowns," Ackman, who heads the hedge fund Pershing Square, tweeted to his 23,000 followers.

Read more: Trump's former chief of staff John Kelly tells president and Congress to end the government shutdown

It's an unusual move for Ackman, who has tweeted just 15 times since debuting on the social-media site in June 2017. Three of those tweets, from this week, include a link to C-SPAN footage of a Colorado senator berating Sen. Ted Cruz.

2018 was a brutal year for hedge funds — Pershing Square lost 10.8% in December and ended the year off 0.7%.

Before that, Pershing Square suffered years of losses and investor redemptions in part because of wrong-way bets on Valeant (long) and Herbalife (short).

SEE ALSO: Democratic Sen. Michael Bennet lets loose on Ted Cruz on the Senate floor, accusing him of hypocrisy over the government shutdown

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