Pershing Square Capital Management LP, the hedge fund run by activist investor William Ackerman, has taken a 9.6% stake in upscale discounter Target Corp., the New York-based investment fund disclosed in a Securities and Exchange Commission filing yesterday.
About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning at Money Map Press.