Hedge Fund News From HedgeCo.Net

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

Bloomberg – Bill 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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