{"id":8132,"date":"2008-07-17T00:00:00","date_gmt":"2008-07-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ackman-adds-cash-to-target-hedge-fund-as-stock-slides","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/ackman-adds-cash-to-target-hedge-fund-as-stock-slides.html","title":{"rendered":"Ackman Adds Cash to Target Hedge Fund as Stock Slides"},"content":{"rendered":"<p>Bloomberg- William Ackman, the activist hedge fund manager, increased his $2 billion bet on Target Corp. as shares of the second-largest U.S. discount retailer declined as much as 38 percent in the past year, according to two people with knowledge of the matter.             <\/p>\n<p>Pershing Square Capital Management LP, Ackman&#8217;s New York- based firm, added at least $100 million to the hedge fund it started last year to invest in Target. Ackman personally committed $5 million and solicited money from current and new investors, said the people, who declined to be identified because the fund is private.     <\/p>\n<p><a title=\"Read Complete Article\" target=\"_self\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&#038;sid=avKvd6dv8t7k\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg- William Ackman, the activist hedge fund manager, increased his $2 billion bet on Target Corp. as shares of the second-largest U.S. discount retailer declined as much as 38 percent in the past year, according to two people with knowledge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1483,309,402,1482,740,83,1484,1535,1534,1536,47,620],"class_list":["post-8132","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bond-insurer","tag-farmland","tag-investment-firm","tag-investments","tag-lng","tag-medallion","tag-pershing-square-capital","tag-pershing-square-capital-management-lp","tag-rise-and-fall","tag-straight-quarters","tag-third-party","tag-upfront"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8132","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8132"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8132\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}