Place your bets here. Bill Ackman's Pershing Square is setting up 2 special purpose funds to...

|By:, SA News Editor

Place your bets here. Bill Ackman's Pershing Square is setting up 2 special purpose funds to take an activist 5% stake in an unnamed big-cap company, according to a letter to investors. His last SPV - a fund devoted to Target - fell 90% last year.