{"id":43721,"date":"2014-08-26T09:11:42","date_gmt":"2014-08-26T13:11:42","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43721"},"modified":"2014-08-26T09:11:42","modified_gmt":"2014-08-26T13:11:42","slug":"bill-ackmans-hedge-fund-made-over-160-million-on-burger-kings-rally","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2014\/bill-ackmans-hedge-fund-made-over-160-million-on-burger-kings-rally.html","title":{"rendered":"Bill Ackman&#8217;s hedge fund made over $160 million on Burger King&#8217;s rally"},"content":{"rendered":"<p><span style=\"color: #333333;\">MarketWatch &#8211; Bill Ackman must be a happy man Monday, as his hedge fund&#8217;s investment in Burger King Worldwide<\/span><span style=\"color: #333333;\">\u00a0is now worth about $163 million more than it was on Friday. Ackman&#8217;s Pershing Square Capital Management owns 38,387,865 shares of Burger King, according to FactSet, which at Friday&#8217;s closing price of $27.11 was worth $1.041 billion. With the fastfood chain&#8217;s stock rallying 16% to $31.35, after The Wall Street Journal reported that the company was in talks to buy Canada&#8217;s Tim Horton&#8217;s\u00a0<\/span><span style=\"color: #333333;\">in a way to lower its tax bill, Pershing&#8217;s Burger King position is now worth $1.203 billion.<\/span><\/p>\n<p><a href=\"http:\/\/www.marketwatch.com\/story\/bill-ackmans-hedge-fund-made-over-160-million-on-burger-kings-rally-2014-08-25\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MarketWatch &#8211; Bill Ackman must be a happy man Monday, as his hedge fund&#8217;s investment in Burger King Worldwide\u00a0is now worth about $163 million more than it was on Friday. Ackman&#8217;s Pershing Square Capital Management owns 38,387,865 shares of Burger [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43721","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43721"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43721\/revisions"}],"predecessor-version":[{"id":43722,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43721\/revisions\/43722"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}