(Reuters) Investor William Ackman has stepped out of his Nike (NKE.N) sneakers, at least in a financial sense.The billionaire investor’s hedge fund Pershing Square Capital Management earned roughly $100 million in profit when it cashed out of its 0.71 percent stake in the sportswear company recently, a person familiar with the move said on Thursday. Two months ago, the activist investor told clients that Pershing Square had taken a rare passive stake in Nike at the end of 2017, when the stock was trading at around $53 a share and that the bet had already earned them a roughly 30 percent gain. Ackman, a passionate tennis player, is often photographed on courts wearing Nike apparel ranging from shoes to shirts to wrist bands.

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