Ackman pitches Fannie and Freddie at Ira Sohn

|About: Fannie Mae (FNMA)|By:, SA News Editor

One of the hot hands in the hedge fund world at the moment, Bill Ackman reiterates his bull case on the GSEs. Owning Fannie Mae (FNMA -1.8%) and Freddie Mac (FMCC -1.8%), he says, is like owning a royalty on the housing market.

Ackman first disclosed stakes in the common stock of both last November and boosted those bets with a derivative play earlier this year.

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