BOSTON (Reuters) – Billionaire investor William Ackman’s hedge fund Pershing Square (NYSE:) Capital Management made a new bet on Warren Buffett’s Berkshire Hathaway Inc (N:), 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 (O:).
The new bet will be a passive investment for Ackman’s $8 billion firm, a person familiar with the matter said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.