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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.

       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. The presentation was published by the firm’s publicly listed fund, Pershing Square Holdings, which posted a

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