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Howard Hughes

  • Billionaire Bill Ackman’s Pershing Square makes moves on Berkshire Hathaway aspirations

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    FTSE 100 trust Pershing Square has made further steps towards billionaire manager Bill Ackman’s aspiration to emulate Berkshire Hathaway by building a diversified holding company. Pershing Square Capital Management, which runs the investment trust, has made a further $900m investment into property company Howard Hughes, bringing Ackman’s stake in the firm to 46.9 per cent. [...]

    Bill Ackman, manager of FTSE 100 trust Pershing Square (Photo by Bryan Bedder/Getty Images for The New York Times )

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