Ackman Says Selling Fannie, Freddie Will Take ‘Significant Time’

Billionaire Bill Ackman said now isn’t the right time for the Treasury to sell its shares of the government-sponsored mortgage giants known as Fannie Mae and Freddie Mac.

The Pershing Square Capital Management founder held a presentation on X Tuesday that said it “will take significant time to deliberately execute” an initial public offering of Federal National Mortgage Association and Federal Home Loan Mortgage Corp.

Part of that time will be spent getting buy-in from market participants, according to Ackman, who has previously said that his firm owns shares of Fannie Mae and Freddie Mac, which soared after Donald ...