Hedge Fund News From HedgeCo.Net

Ackman May Sell Shares in Hedge Fund in 2012 for Stable Capital

Bloomberg РBill Ackman, the money manager known for investing in companies to press for changes, said he may sell shares in a hedge fund to secure more permanent capital for investments as soon as next year.

Ackman, founder of New York-based Pershing Square Capital Management LP, told an audience late yesterday at the Harmonie Club in New York that he plans to sell shares in a closed-end fund, which trades on an exchange.

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