Billionaire Bill Ackman sells stake in Berkshire Hathaway
Ackman says he can be 'more nimble' than Berkshire when prices get more attractive again
27 May 2020 - 22:27
New York — Activist investor Bill Ackman said he has exited his investments in Warren Buffett’s Berkshire Hathaway as well as his recently acquired investments in the Blackstone Group and Park Hotels & Resorts.
Ackman’s Pershing Square Capital Management sold off Blackstone and Park Hotels because it was not able to build large enough positions at attractive prices before markets rebounded, he said in a conference call on Wednesday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.