“…the current level of the stock market represents an attractive investment opportunity…in relation to short-term interest rates, these prices represent the most attractive values investors have seen since the early 1980’s.” – David Ackerman, ACM Quarterly Commentary, October 22, 2002 _________________________________________________________________________________________ THE S&P 500 RECORDED ITS BEAR MARKET LOW THAT SAME MONTH AND WENT ON TO DELIVER A TOTAL RETURN OF MORE...
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ACM Navigates 9/11 Volatility & Continuation of Bear Market
“After the disastrous events of September 11, we were correct in our assessment that stocks were deeply oversold, generally undervalued, and that the widespread fear and bearish sentiment presented an attractive buying opportunity. So, while many investors were selling stocks and stock mutual funds at a record pace, we were…increasing our stock exposure. Once, again we were rewarded by not ‘following...
ACM Launches Ackerman Value Partners, L.P., A Long/Short Equity Fund
Following in the tradition of Ackerman Associates, the firm established Ackerman Value Partners, L.P. in 2000, a long-short equity hedge fund with David Ackerman as the portfolio manager. Over the next decade, the fund outperforms the S&P 500 in 8 of 10 years and by more than 6% annually. Read More About Alternatives >> Read Next Timeline Item >>
ACM Predicts 2000 Technology & Internet Stocks Crash
“…we are long overdue for disappointment. And when it comes, it will probably be a big disappointment. Stock valuations in general are at an all-time high, despite rising interest rates…The valuations of many of the technology and internet-related stocks…are so ridiculously extended that extreme price declines are inevitable and imminent.” – David Ackerman, IdeaAdvisor.com, April, 10, 2000 “…the speculative bubble in technology...
David Ackerman named as Partner in the firm
David Ackerman, CFA®, CFP®, CIMA®, CPWA® David Ackerman was made Partner in 1996, and is currently Managing Principal and Chief Investment Strategist of Ackerman Capital Management. He has held the Chartered Financial Analyst® (CFA®) designation since 1995 and the Certified Financial Planner® (CFP®) designation since 1996. He is a member of the CFA Institute and the Financial Planning Association®, as well as...
Passionate about investing, David joins the firm, and it relocates to the current location in Preston Center
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Ackerman Associates L.P. Avoids the Crash of ‘87
“Each November, I review the year and give my views on the investment outlook for the coming year. This year it is particularly appropriate since the “Crash of ‘87” was an event none of us will forget. As you know, for some time I had felt that stocks were way too high. The extremely overvalued stock market simply was an accident waiting...
Edward Ackerman Establishes Ackerman Associates, L.P., The First Hedge Fund in Dallas, Texas
Ackerman Capital Management was built upon a spirit of innovation as Edward Ackerman formed the first hedge fund based in Dallas, Texas in 1969. From founding Ackerman Associates in 1969 to his retirement in 2007, Edward M. Ackerman compiled a track record of legendary investment success. Leaving a legacy that extends both deep and wide – his extraordinary contributions continue to flow through the...