Bill Ackman’s hedge fund Pershing Square Capital Management has built a substantial position in Meta Platforms, committing around $2bn to the social media and technology group as it sharpens its focus on artificial intelligence-driven growth, according to a report by Reuters.
The investment, initiated late last year, represents approximately 10% of Pershing Square’s capital, chief investment officer Ryan Israel said on a client call, underscoring the firm’s high-conviction approach. Pershing Squ...
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