Ackman also made headlines this year by raising $4 billion to launch his
Pershing Square Tontine Holdings Ltd (NYSE: PSTH) SPAC, which is now the largest SPAC in the market.
At the time of the IPO in July, Ackman said the SPAC planned to take about six months to identify a target and announce a deal in the first quarter of 2021.
Even after Pershing Square’s big run in 2020, the stock still trades at a significant discount to NAV. Pershing’s stock investing portfolio is relatively concentrated. As of the firm’s most recent quarterly filing, Pershing held shares of just seven stocks.
2020 in Review: What Parents Spent and Saved This Year msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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