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Pershing Square’s Vice Chairman Fraidin to Leave Hedge Fund

(Reuters) Stephen Fraidin, a lawyer who joined Bill Ackman’s Pershing Square Capital Management as vice chairman in 2015, is leaving the activist hedge fund, Ackman told investors on Tuesday. Fraidin, who was most recently a partner at Kirkland & Ellis LLP, will return to practicing law, Ackman said on an investor call but did not name the firm he will be joining.

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