Behind Pershing Square’s Big Gains Last Year

A new report from William Ackman’s activist hedge fund firm details how the firm produced its big gains last year — and highlights how the firm’s capital base has changed.

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William Ackman, Pershing Square Management (Bloomberg)

A comprehensive presentation posted online by William Ackman’s Pershing Square Capital Management provides an interesting insight into the source of the New York–based activist hedge fund firm’s gains last year.

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