(Reuters) Billionaire hedge fund manager William Ackman touted the success of his funds late last week, citing attractive valuations for his holdings and saying he has up to $7 billion to invest in a private company, while saying that opening stock ownership to all Americans is a key to political stability. For a second straight year, Ackman’s Pershing Square Capital Management is generating double-digit returns with a 44.1% gain at his Pershing Square Holdings portfolio.
Ackman sees more gains for his portfolio, urges stock ownership for all Americans
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