Home   >   Informative Articles   >   Bill Ackman Has Added A New Short Position To Pershing Square’s Portfolio

Bill Ackman Has Added A New Short Position To Pershing Square’s Portfolio

By on June 13, 2012

Bill Ackman

Hedge fund titan Bill Ackman, the founder of Pershing Square Capital Management, just sent out his Q1 letter to investors dated June 12, 2012.  

In the letter, the activist investor said they have added new investments, one of which is a short position.  

From the letter: 

We have begun to build a large stake in a business that meets our high standards for business quality at a low valuation. We have also added an equity short position to the portfolio. We look forward to sharing our thinking about each of these investments when appropriate.

Jacob Wolinsky at ValueWalk points out that it’s rare for Ackman to have a short position because he is mostly a long-only investor.

It’s unclear what he is shorting, but if anyone knows please send an email to jlaroche@businessinsider.com. 

SEE ALSO: After Bill Ackman Revealed His Huge Stake In JCPenney A Private Equity Fund Offered To Buyout The Company >

Please follow Clusterstock on Twitter and Facebook.

Join the conversation about this story »


Clusterstock

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>