{"id":61667,"date":"2018-01-05T08:29:14","date_gmt":"2018-01-05T13:29:14","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=61667"},"modified":"2018-01-05T08:29:14","modified_gmt":"2018-01-05T13:29:14","slug":"howard-hughes-shares-hurt-as-ackman-trims-stake-to-invest-in-own-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2018\/howard-hughes-shares-hurt-as-ackman-trims-stake-to-invest-in-own-fund.html","title":{"rendered":"Howard Hughes Shares Hurt As Ackman Trims Stake To Invest In Own Fund"},"content":{"rendered":"<p>(Reuters) Shares in Howard Hughes Corp (HHC.N) dropped more than 3 percent on Wednesday after billionaire investor William Ackman, who chairs the real estate company\u2019s board and called it an attractive buy in May, said his firm would sell 2.5 million shares.Ackman, whose hedge fund Pershing Square Capital Management is Howard Hughes\u2019 biggest shareholder, is trimming the firm\u2019s holdings for tax reasons and insists he hasn\u2019t soured on one of his hedge fund\u2019s longest-held investments. He needs to make the move in order to invest some $300 million of his own money into Pershing Square Holdings (PSH.AS), his publicly listed portfolio that trades like a closed-end fund.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-howard-hughes-ackman\/howard-hughes-shares-hurt-as-ackman-trims-stake-to-invest-in-own-fund-idUSKBN1ES1QH\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Shares in Howard Hughes Corp (HHC.N) dropped more than 3 percent on Wednesday after billionaire investor William Ackman, who chairs the real estate company\u2019s board and called it an attractive buy in May, said his firm would sell 2.5 [&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-61667","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61667","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=61667"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61667\/revisions"}],"predecessor-version":[{"id":61668,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61667\/revisions\/61668"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=61667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=61667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=61667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}