Ackman up despite Herb-short

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It hasn’t exactly been the best of weeks for hedge fund activist Bill Ackman (left).
JCPenney, in which Ackman’s Pershing Square Capital owns a 17.7 percent stake, fell 13.4 percent this week after The Post reported an apparel industry factor, CIT, stopped approving shipments for some… …read more
Source: NY Post

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