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Ackman's Pershing Square takes big stakes in Freddie, Fannie

2013-11-16 21:37:08| Energy - Topix.net

Activist investor Bill Ackman's Pershing Square hedge fund has invested half a billion dollars to acquire stakes of nearly 10 percent each in Freddie Mac and Fannie Mae, the latest big investor this week to buy into the mortgage finance companies.

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