Pershing Square Holdings
Pershing Square Holdings (PSH) is a closed-end fund run by famed value investor Bill Ackman. Mr. Ackman has compounded capital at 14%, net of fees, since 2004 using a concentrated long-equity strategy similar to Eagle Point’s. Right now, PSH is trading at a 25% discount to its net asset value.
I wrote-up my thoughts on PSH over at Seeking Alpha. You can read the whole article by clicking here.
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