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Ackman's Pershing Square makes new investment in Berkshire Hathaway: filing

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Bill Ackman's hedge fund Pershing Square has made a new investment in Warren Buffett's Berkshire Hathaway. The new bet will be a passive investment, a source told Reuters

FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian

BOSTON - Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday. This marks the first time that Ackman’s $8 billion fund has announced a new position since late last year when it bought a stake in Starbucks Corp .

The new bet will be a passive investment for Ackman’s $8 billion firm, a person familiar with the matter said.

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Ackman trying to LBO Berkshire once Buffett passes on Well played, weasel 😉

wrong timing probably lol

LiveSquawk He just wants to go to the annual shareholder meeting....

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