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Bill Ackman’s Funds Post Record Gains

Pershing Square scored big on the news of the possible Howard Hughes sale — pushing some funds above their high-water marks.

Bill Ackman’s Pershing Square Holdings has hit a record: it is up 45.3 percent for the first half of the year — which tops the full-year performance for any of his Pershing Square funds since the hedge fund firm’s launch in 2004. The publicly traded hedge fund gained 8 percent in

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