{"id":62930,"date":"2018-03-25T02:16:39","date_gmt":"2018-03-25T06:16:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62930"},"modified":"2018-03-27T00:43:43","modified_gmt":"2018-03-27T04:43:43","slug":"ackman-exits-nike-stake-with-100m-in-profit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2018\/ackman-exits-nike-stake-with-100m-in-profit.html","title":{"rendered":"Ackman Exits Nike Stake With $100m in Profit"},"content":{"rendered":"<p>(Reuters) Investor William Ackman has stepped out of his Nike (NKE.N) sneakers, at least in a financial sense.The billionaire investor\u2019s hedge fund Pershing Square Capital Management earned roughly $100 million in profit when it cashed out of its 0.71 percent stake in the sportswear company recently, a person familiar with the move said on Thursday.   Two months ago, the activist investor told clients that Pershing Square had taken a rare passive stake in Nike at the end of 2017, when the stock was trading at around $53 a share and that the bet had already earned them a roughly 30 percent gain.   Ackman, a passionate tennis player, is often photographed on courts wearing Nike apparel ranging from shoes to shirts to wrist bands.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-hedgefunds-ackman-nike\/ackman-exits-nike-stake-with-100-million-in-profit-source-idUSKBN1GY2OQ\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Investor William Ackman has stepped out of his Nike (NKE.N) sneakers, at least in a financial sense.The billionaire investor\u2019s hedge fund Pershing Square Capital Management earned roughly $100 million in profit when it cashed out of its 0.71 percent [&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-62930","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62930","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=62930"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62930\/revisions"}],"predecessor-version":[{"id":62931,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62930\/revisions\/62931"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}