Its investment case has changed following a bond issue
Pershing Square ( PSH ) £14.46 Gain to date: 8.2% Original entry point: Buy at £13.36, 16 May 2019 We are executing a swift U-turn with our trade on hedge fund guru Bill Ackman’s Pershing Square ( PSH ) vehicle after the investment trust made plans to borrow more money to invest. Increasing its borrowings, also known as gearing, from 18% to 25% of net assets substantially changes its...