{"id":61766,"date":"2018-01-12T00:39:10","date_gmt":"2018-01-12T05:39:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=61766"},"modified":"2018-01-12T00:39:10","modified_gmt":"2018-01-12T05:39:10","slug":"ackmans-pershing-square-fund-to-slash-management-fee","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2018\/ackmans-pershing-square-fund-to-slash-management-fee.html","title":{"rendered":"Ackman\u2019s Pershing Square Fund to Slash Management Fee"},"content":{"rendered":"<p>(New York Post) Hedgie Bill Ackman on Wednesday ripped a page from a discount retailer\u2019s playbook \u2014 he put his product on sale. Ackman\u2019s Pershing Square fund \u2014 after posting losses in each of the past three years \u2014 said it would slash its 1.5 percent annual management fee.   The discount for existing clients amounts to about 15 percent, sources said.   The move will cost Pershing about $32 million over the next two years, Ackman said in a letter sent to investors.<\/p>\n<p><a href=\"https:\/\/nypost.com\/2018\/01\/10\/ackmans-pershing-square-fund-to-slash-management-fee\/\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(New York Post) Hedgie Bill Ackman on Wednesday ripped a page from a discount retailer\u2019s playbook \u2014 he put his product on sale. Ackman\u2019s Pershing Square fund \u2014 after posting losses in each of the past three years \u2014 said [&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-61766","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61766","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=61766"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61766\/revisions"}],"predecessor-version":[{"id":61767,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/61766\/revisions\/61767"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=61766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=61766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=61766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}