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MAR 15, 2013 - Yahoo! News

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Two Ackman investors want more details on JC Penney

By Svea Herbst-Bayliss and Katya Wachtel BOSTON/NEW YORK (Reuters) - Two institutional investors with William Ackman's $12 billion hedge fund plan to reach out to the manager to get more information about the firm's big bet on ailing retailer JC Penney , whose stock has dropped 21 percent this year. Officials with two state pension funds that, combined, oversee assets of more than $120 billion told Reuters they want Ackman to give them more information about Pershing Square Capital Management's portfolio and to say more about the long-range plan for turning around JC ... Read More

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