Career
In 1992, Ackman founded with a fellow Harvard graduate, the investment firm Gotham Partners, which made small investments in public companies In 1995, Ackman's reputation was enhanced when he partnered with the insurance and real estate firm Leucadia National to bid for Rockefeller Center. Although they did not win the deal, the high profile nature of the bid caused investors to flock to Gotham Partners growing it to $500 million in assets by 1998. In 2002, Ackman began winding down Gotham Partners which had become entrenched in litigation with various outside shareholders who also owned an interest in the same companies which Gotham invested. A 2003 investigation of Gotham's trading practices by New York Attorney General Eliot Spitzer found no wrong-doing.
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