USA Today – Six months after hedge fund manager Bill Ackman purchased a $2 billion stake in Procter & Gamble, the lineup of major investors at the consumer products giant has taken a subtle, but noteworthy shift.
Hedge funds such as Ackman’s Pershing Square Capital Management now own 4.4% of institutional shares, double their holdings from June 30. While their overall share of the company is still small, they could be an influential voting bloc for changes if current turnaround efforts falter.
