- Bill Ackman is cutting almost a fifth of his staff and looking to lower his public profile as he seeks to turn around Pershing Square (OTCPK:PSHZF) after three straight years of losses, sources told Reuters.
- He'll also spend more time investing and stop being the firm's No. 1 marketer.
- Previously one of Wall Street's most vocal investors, Ackman recently suffered big losses on Valeant Pharmaceuticals (VRX) and Herbalife (NYSE:HLF) and lost a proxy fight with Automatic Data Processing (NASDAQ:ADP).
Change of style for Bill Ackman
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Symbol | Last Price | % Chg |
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PSHZF | - | - |
Pershing Square Holdings Ltd. |