August 14, 2019 / 8:22 PM / a year ago

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

BOSTON, Aug 14 (Reuters) - 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. (Reporting by Svea Herbst-Bayliss; editing by Grant McCool)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below