FYI: When Pershing Square Capital Management CEO Bill Ackman in 2014 launched one of the biggest publicly traded hedge funds in history, he envisioned a future in which it might be the only fund he ran, along the lines of Warren Buffett.
That could well turn out to be the case — but not in ways Ackman expected. Now that fund, Pershing Square Holdings, could keep the beleaguered activist in the hedge fund business under circumstances that would likely have taken out other managers.
Regards,
Ted
https://www.institutionalinvestor.com/article/b17n3h68k3hr1c/what’s-keeping-bill-ackman-in-business
