(HedgeCo.Net) In a move closely watched across Wall Street, Bill Ackman has reduced Pershing Square Capital Management’s exposure to Alphabet, marking a notable recalibration within one of the most concentrated and high-profile portfolios in global equity markets.
The decision does not represent a repudiation of Alphabet’s long-term prospects. Rather, it reflects a disciplined capital allocation framework that has long defined Pershing Square Capital Management: high conviction, selective con...
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