Bill Ackman, Wife Neri Oxman Acquire 5% Stake In Tel Aviv Stock Exchange Amid Israel-Hamas Conflict (CORRECTED) - Tel Aviv Stock Exchange (OTC:TVAVF), Jefferies Financial Gr (NYSE:JEF)
Summary
Editors note: This story has been updated to reflect that Ackman and Oxmans 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 TVAVF, Bloomberg reported Wednesday. The stake in the Tel Aviv exchange is worth $25 million, according to Ackmans Pershing Square Capital Management. The deal was arranged by Jefferies Financial Group Inc.See Also: Seizing Indias Investment Opportunities In 2024 With OctaDespite 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 of a series of controversies involving Oxman. In early January, Ackman refuted allegations of plagiarism against his wife, claiming that the Massachusetts Institute of Technology (MIT) did not enforce citation of Wikipedia until 2013, four years after Oxman completed her thesis.Shortly after, Ackman softened his stance on academic plagiarism, suggesting that it is nearly unavoidable for authors to miss some citations or neglect to appropriately attribute another author in their academic works. This resurgence steered the hedge fund back on track, reinstating its history of delivering double-digit profits to Ackmans investors.Read Next: Bitcoin, Ethereum, Dogecoin Drop As Google Search Interest In Spot ETFs Plunges: Analyst Foresees King Crypto Below $40K Before April Halving