For nearly 20 years, billionaire investor Bill Ackman and his Pershing Square Capital were known as relentless activst investors. They would take on Target, Proctor & Gamble and many other companies in an effort to redirect corproate strategy and boost profits.
Now the hedge fund manager and SPAC issuer in his latest letter to shareholders said the firm is “permanently retired from this line of work.” In sum, no more short selling. Read more.
