Pershing Square Capital Management
Encyclopedia
Pershing Square Capital Management is an activist hedge fund founded and run by Bill Ackman located in New York.
and Wendy's
.
As of 2010, Pershing amassed a position in the retailer, Target Corporation
, reported at 26 million shares.
Investment History
Pershing has in its history launched activist campaigns against McDonald'sMcDonald's
McDonald's Corporation is the world's largest chain of hamburger fast food restaurants, serving around 64 million customers daily in 119 countries. Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by the eponymous Richard and Maurice McDonald; in 1948...
and Wendy's
Wendy's
Wendy's is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. The company decided to move its headquarters to Dublin, Ohio, on January 29, 2006. It has been owned by Triarc since 2008...
.
As of 2010, Pershing amassed a position in the retailer, Target Corporation
Target Corporation
Target Corporation, doing business as Target, is an American retailing company headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart. The company is ranked at number 33 on the Fortune 500 and is a component of the Standard & Poor's...
, reported at 26 million shares.