Ackman's Pershing Square makes new investment in Berkshire Hathaway

BOSTON: Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett's Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.

Ackman bought 3.5 million of Berkshire's so-called B shares during the second quarter. The shares, which closed trading at US$195.81 on Wednesday, inched up slightly in after hours trading as news of the investment spread.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China paints rosy picture of foreign investment despite Donald Trump’s claim ‘thousands’ of firms are leavingForeign investment in China accelerated in July despite trade tensions with the United States, contradicting claims from US President Donald Trump of an exodus of investors.In July, foreign direct investment (FDI) into China rose 4.1 per cent from a year ago to US$8.07 billion, a higher rate from the
Source: YahooSG - 🏆 3. / 71 Read more »