Billionaire Bill Ackman Pours $900,000,000 Into NYSE-Listed Firm in Push To Follow Warren Buffett’s Footsteps

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Billionaire Bill Ackman’s hedge fund, Pershing Square, has spent nearly $1 billion to accumulate shares of one real estate development firm. Perishing Square has poured $900 million into buying 9 million shares of Howard Hughes Holdings (HHH). Ackman’s fund paid a premium of 48% compared to HHH’s closing stock price last Friday and now controls 46.9% of the real estate firm’s shares, per a new press release . Ackman, who has been named the executive chairman of the HHH board of directors, says t...