{"id":53766,"date":"2016-08-04T06:15:18","date_gmt":"2016-08-04T10:15:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53766"},"modified":"2016-08-04T06:15:18","modified_gmt":"2016-08-04T10:15:18","slug":"ackman-exits-canadian-pacific-freeing-up-cash-for-next-bet","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2016\/ackman-exits-canadian-pacific-freeing-up-cash-for-next-bet.html","title":{"rendered":"Ackman Exits Canadian Pacific, Freeing Up Cash For Next Bet"},"content":{"rendered":"<p>(Reuters) Billionaire investor William Ackman has exited his hedge fund&#8217;s investment in railway company Canadian Pacific CP.TO, freeing up roughly $1.5 billion in cash to make other future investments.<\/p>\n<p>Pershing Square Capital Management and Canadian Pacific Railway Ltd on Wednesday said the New York-based hedge fund had sold its remaining 9.8 million shares in the Canadian railroad, representing a 6.51 percent stake, through trades organized by J.P. Morgan, Credit Suisse and BofA Merrill Lynch.<\/p>\n<p><a href=\"http:\/\/ca.reuters.com\/article\/businessNews\/idCAKCN10E2PV\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Billionaire investor William Ackman has exited his hedge fund&#8217;s investment in railway company Canadian Pacific CP.TO, freeing up roughly $1.5 billion in cash to make other future investments. Pershing Square Capital Management and Canadian Pacific Railway Ltd on Wednesday [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53766","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53766","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53766"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53766\/revisions"}],"predecessor-version":[{"id":53767,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53766\/revisions\/53767"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}