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Ackman’s Pershing Square Bounces Back in January

After a bruising December, Pershing Square’s investments in Chipotle and Fannie Mae drove double-digit gains last month.

Pershing Square CEO Bill Ackman has always counted patience among his virtues — even when others have defined that characteristic as sheer stubbornness.Whatever you call it, this year it is paying off for Ackman’s Pershing Square hedge fund on a few long-time holdings that are surging. They include burrito maker

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