Two months after the U.S. election, the most spectacular of all 'Trump trades' isn't Bitcoin, Tesla or any other likely suspects. Rather, it's shares of a stodgy, 87-year-old company many on Wall Street had forgotten about long ago.

Ackman bets Trump will privatize Fannie Mae & Freddie Mac

Bill Ackman, a billionaire hedge fund manager, will look to convince New York’s powerful Landmarks Preservation Commission to allow him to build a “flying saucer” penthouse. &nbsp;&nbsp;

The billionaire is trying to come up with it on top of a historic apartment building in the Upper West Side, which overlooks Central Park. &nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/world/i-keep-forgetting-youre-still-alive-elon-musk-takes-a-dig-at-bernie-sanders-offers-to-sell-more-stock-429392" hreflang="en">'I keep forgetting you're still alive': Elon Musk takes a dig at Bernie Sanders, offers to sell more stock</a>

The Harvard-educated activist investor Ackman has been engaged in a years-long public relations battle with his merely millionaire neighbours to garner support for his planned Norman Foster-designed two-storey penthouse. It has been described as a “temple to a titan”. &nbsp;

Earlier, Ackman had famously made $2.6bn (£2.2bn) profit in a single day by betting on the financial impact of coronavirus in the early days of the pandemic. &nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/trending/watch-iceland-tourism-mocks-metaverse-in-funny-ad-mark-zuckerberg-responds-429552" hreflang="en">Watch: Iceland Tourism mocks metaverse in funny ad, Mark Zuckerberg responds</a>

Last week, the billionaire had successfully won the backing of Manhattan Community Board 7 (CB7) for the plan atop the 120-year-old building. Now, he is going to seek the approval of the Landmarks Preservation Commission. &nbsp;

The penthouse at 6-16 West 77th Street has been designed by Foster + Partners. It would replace a pink stucco 17th-floor penthouse that Ackman and his partner scientist Neri Oxman bought for $22.5m in 2017. &nbsp;

(With inputs from agencies)

Bill Ackman, a billionaire hedge fund manager, will look to convince New York’s powerful Landmarks Preservation Commission to allow him to build a “flying saucer” penthouse.

Bill Ackman, a billionaire hedge fund manager, will look to convince New York’s powerful Landmarks Preservation Commission to allow him to build a “flying saucer” penthouse. The billionaire is trying to come up with it on top of a historic apartment building in the Upper West Side, which overlooks Central Park. Also Read | 'I keep forgetting you're still alive': Elon Musk takes a dig at Bernie Sanders, offers to sell more stock The Harvard-educated activist investor Ackman has been engaged in a years-long public relations battle with his merely millionaire neighbours to garner support for his planned Norman Foster-designed two-storey penthouse. It has been described as a “temple to a titan”. Earlier, Ackman had famously made $2.6bn (£2.2bn) profit in a single day by betting on the financial impact of coronavirus in the early days of the pandemic. Also Read | Watch: Iceland Tourism mocks metaverse in funny ad, Mark Zuckerberg responds Last week, the billionaire had successfully won the backing of Manhattan Community Board 7 (CB7) for the plan atop the 120-year-old building. Now, he is going to seek the approval of the Landmarks Preservation Commission. The penthouse at 6-16 West 77th Street has been designed by Foster + Partners. It would replace a pink stucco 17th-floor penthouse that Ackman and his partner scientist Neri Oxman bought for $22.5m in 2017. (With inputs from agencies)

Billionaire Ackman looks to convince panel to build 'flying saucer' penthouse

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