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How did William Ackman's hedge fund perform last year?

REUTERS/Mike Blake/File Photo Purchase Licensing Rights NEW YORK, Jan 2 (Reuters) - Billionaire investor William Ackman's hedge fund Pershing Square Capital Management returned 26.7% last year, beating the broader stock market gains and bouncing back from a loss in the previous year, according to an investor update on Tuesday.

Will Bill Ackman take Pershing Square public next year?

Billionaire Bill Ackman’s plan to take his firm Pershing Square public next year is a rare move of its kind in the hedge fund world. Big hedge funds mostly prefer to do their work under private ownership away from the hoopla of public markets. When they have listed, the limited record is not very pretty.

Who is Bill Ackman?

Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo Purchase Licensing Rights

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