Ackman’s Pershing Square raises stake in Howard Hughes Corp.- filing

(Reuters) – Activist investor William Ackman’s hedge fund Pershing Square Capital Management has raised its stake in real estate company Howard Hughes Corp. (HHC.N), according to a regulatory filing made on Wednesday.The New York-based investment firm reported having a 14.8% stake in the company, or 6.4 million shares, including 2.2 million shares of common stock and 4.2 million underlying forward purchase contracts.

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