(Reuters) Billionaire hedge fund manager William Ackman, whose investment assets have shrunk by more than half in the last three years, has made a second round of staff cuts and laid off three investor relations team members, two sources familiar with the matter said on Tuesday. The prominent manager cut one investor relations executive and two investor services executives at his New York-based Pershing Square Capital Management hedge fund last week, the sources said. These layoffs come after Ackman cut his staff by 10 people in January, shrinking the firm to 46 employees from 56.

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