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Bill Ackman’s $500 Million Bet On Himself Pays Off After Losing Streak: (PSHZF)

TedTed
in The Bullpen
FYI: Bill Ackman made a big bet on himself even as some investors were second-guessing the future of his hedge fund, Pershing Square Capital Management. So far, it’s paying off.

The billionaire plowed about $500 million into the publicly traded arm of his fund last year, arguing it was significantly undervalued. At the time, Pershing Square Holdings Ltd. was trading at roughly $15 a share.
Regards,
Ted
https://www.fa-mag.com/news/bill-ackman-s--500-million-bet-on-himself-pays-off-after-losing-streak-51513.html?print

M* Snapshot PSH:
https://www.morningstar.com/cefs/xams/psh/quote
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