Ackman stated that Howard Hughes has built substantial value for shareholders in recent years, but this value has largely gone unrecognized due to the high cost of capital that the market assigns to the company.
Hedge fund titan Bill Ackman's Pershing Square Holdings, a closed-end fund listed on the London Stock Exchange is down 14% year-to-date, owing to tariff-related market volatility. The losses, however, have only been calculated through April 8th, and don't include the massive rally on Wednesday, as reported by Reuters.
