
On Tuesday, hedge fund investor and Pershing Square Holdings Ltd (OTC:PSHZF) CEO Bill Ackman told investors he will no longer be participating in activist short selling campaigns.
What Happened? In his annual letter to Pershing Square investors, Ackman said he is retiring from activist short selling following a failed bet against multi-level marketing company Herbalife Nutrition Ltd (NYSE:HLF), a position which he exited in 2018.