Ackman Fund Suffers $900 Million JCPenney Markdown

Ackman Fund Suffers $900 Million JCPenney Markdown Play

Aug. 29 (Bloomberg) -- Pershing Square, the hedge fund run by U.S. activist investor Bill Ackman, has seen its returns lowered about $900 million by an 18 percent stake in department store operator JCPenney, the New York Post reported. Bloomberg's Betty Liu discusses on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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