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

📆 15/8/2019 7:26 am
📰 Reuters

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

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....

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Miles Teller Defends Bryce Harper, Phillies Made A Good Investment!The 'Whiplash' actor ain't concerned about Harper's struggles. I love Miles_Teller 😍 So glad the Dodgers didn't take Harper And Fantastic Four was a good movie..get outta here Miles
Source: TMZ - 🏆 379. / 59 Read more »