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>> WILLIAM ACKMAN Latest News

AUG 21, 2013 - Yahoo! News

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Ackman says retail investing has not been his 'strong suit'

By Svea Herbst-Bayliss BOSTON (Reuters) - Hedge fund manager William Ackman told investors he has had three "failures" in his portfolio over the years, all retailers, and retail investing has not been his "strong suit." He included J.C. Penney , where he is sitting on hundreds of millions in losses and left the company's board last week, as one of the three failures. Borders Group and Target are the others. Ackman made the comments in an investment letter dated August 20 seen by Reuters. ...

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