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JUL 14, 2013 - Business Insider

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Bill Ackman Needs A Huge Score

One of a hedge fund manager's super powers is the ability to move market's with a few words. On Wall Street, that's like being able to leap tall buildings in a single bound. To do it you need cash, a platform, and faith.  Living legend Bill Ackman no longer has all three of those things. he still has the cash and the platform, but the faith has waned, and if Ackman wants to keep all of those from eroding further he'll need to pull off a feat of heroic proportions this coming week. That's when he'll announce where exactly his hedge fund, Pershing Square, is putting $1 billion of ... Read More

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